The owner of a trading business prepared draft financial statements for the year ended 31 December. It was then discovered that the following transactions occurring during the year had not been recorded. 1 A cheque for $500 had been received for commission earned. 2 Cash amounting to $2900 was received for a sale of goods which had cost $3000. 3 Inventory costing $5000 had been taken from the business by the owner for personal use. 4 Non-current assets with a carrying value of $6500 had been sold for $7000 cash. Which transactions will affect both the gross profit for the year and the total value of net assets on the statement of financial position?