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27.3 A You have extracted a trial balance and drawn up accounts for the year ended 31 December 2017. There was a shortage of 78 on the credit side of the trial balance, a suspense account being opened for that amount During 2018 the following errors made in 2017 were found: (0 125 received from sales of old office equipment has been entered in the sales account. (1) Purchases day book had been overcast by 10. (177) A private purchase of 140 had been included in the business purchases. (iv) Bank charges 22 entered in the cash book have not been posted to the bank charges account. (v) A sale of goods to K. Lamb 230 was correctly entered in the sales book but entered in the personal account as 320. Required: (a) Show the requisite journal entries to correct the errors. (8>) Write up the suspense account showing the correction of the errors. (c) The net profit originally calculated for 2017 was 28,400. Show your calculation of the correct figure