Please provide the AJE as well because it's easier to understand.

Problem 8 The Golden Crest Company reported the following in its financial statements at December 31, 2018: Total Current assets P2,300,000 Total Non-current Assets 5,700,000 Total Current Liabilities 1,400,000 Total Non-current Liabilities 1,600,000 Contributed Capital 3,200,000 Retained Earnings 1,800,000In the course of your examination of the 2018 financial statements, you discovered the following items. (a) Unused supplies of P15,000 and P24,000 were not recognized at the end of 2017 and 2018. The purchase of supplies was consistently charged to supplies expense account during the two-year period. (b) Repairs to equipment amounting to P85,000 were charged to the Equipment account on January 1, 2016. All fixed assets are depreciated at the rate of 10% on cost. (c) Included in non-current assets are investments in available for sale securities, which were consistently measured at their original cost of P1,000,000 and P1, 400,000, respectively at December 31, 2017 and 2018, Market values of these securities were P980,000 and P1,450,000 at December 31, 2017 and 2018, respectively. (d) On October 1, 2017, the company issued a three-year note payable for the purchase of equipment. The transaction was recorded by charging equipment and crediting notes payable at the face value of the note, P900,000. Such note was classified by the company as non-current liability, even if the note is payable in three equal installments of P300,000 every September 30, starting September 30, 2018. Your verification indicated that the prevailing interest rates on October 1, 2017 and on December 31, 2017 were 10% and 12%, respectively, on this type of notes. (e) It is the company's policy to round depreciation on property, plant and equipment to the nearest full month. REQUIRED: (a) As a result of the above errors, for how much was the profit for 2017 understated or overstated? Indicate whether understated or overstated. (b) As a result of the foregoing errors, for how much was the retained earnings at December 31, 2017 understated or overstated? (C) As a result of the foregoing errors, how much was the net overstatement or understatement in non-current assets at December 31, 2018? (d) For how much should retained earnings as of January 1, 2017 be retroactively adjusted as a result of the above errors