The following errors in the accounting records have been found and corrected.
1- A purchase invoice for ＄250 was omitted from the books of account.
2- A sale for ＄120 to X was debited to the account of Y.
3- The sales journal was overcast by ＄100.
The gross profit for the year before correcting the errors was ＄60 200.
What is the correct gross profit for the year?
＄59 850
2 )
＄59 970
3 )
＄60 350
4 )
＄60 550
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