B Bolder is a sole trader. She has just completed her accounts for the year ended 31 December 2017. Her net profit for the year was calculated as £3,897. However, during the following month these errors were discovered:

(i) The returns inwards day book was overcast by £320.

(ii) Sales of £430 on credit to I Mellor were entered in the sales account as £240.

(iii) Bolder introduced her own computer into the business at a valuation of £295. However, this was credited to sales by mistake.

(iv) Sundry expenses of £76 cash was entered in both accounts as a credit entry.

(v) A payment by cheque of £25 to M Smith was entered in both accounts as £252.

(a) Show the corrections needed for the above errors in the Journal.

(b) Open up a suspense account and make entries as appropriate in correcting the errors thus showing the correct opening balance on the suspense account.

(c) Produce a statement of corrected net profit.