SQL Server Agent - xp_readerlog[] returned error3 -System can not find the path specified

Here in the steps to follow:

USE MASTER

GO

EXEC msdb..sp_get_sqlagent_properties

GO

USE MASTER

GO

EXEC msdb.dbo.sp_set_sqlagent_properties

@errorlog_file=N'PATH'  -- N'k:\MSSQL10_50\MSSQL\Log\SQLAGENT.OUT'

GO

USE MASTER

GO

EXEC msdb..sp_get_sqlagent_properties

GO

Restart SQL server agent.