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The following information was prepared by a trainee accountant for Leste Co for Year 12. (Click here to view the information.) Examination of the underlying records revealed the following errors. 1. Salaries owed of 19,000 at the year end had not been taken into account. 2. Insurance prepaid at the year end of 8,000 had been treated as an accrual. 3. Sales revenue included the sales proceeds from the disposal of a delivery van of 10,000 (which was also the residual value of the van). What is the operating profit for the year? More info The following information was prepared by a trainee accountant for Leste Co for Year 12. (Click here to view the information.) Examination of the underlying records revealed the following errors. 1. Salaries owed of 19,000 at the year end had not been taken into account. 2. Insurance prepaid at the year end of 8,000 had been treated as an accrual. 3. Sales revenue included the sales proceeds from the disposal of a delivery van of 10,000 (which was also the residual value of the van). What is the operating profit for the year? More info