Hi dicksevier,
While you may be able to replace the ink absorber of your PIXMA iP4700, resetting the error code requires the service tool which has not been made available to the public.
Please unplug your PIXMA iP4700 for 24 hours. If the error returns, your PIXMA iP4700 would require service.
You are eligible for Canon's Upgrade Program. This is for out of warranty units which have been diagnosed to require service, or for some reason are incompatible with a new or upgraded system. This option allows you a one-time opportunity to purchase a replacement product, discounted from the list price.
To help you get up and running quickly, we also offer free standard shipping (if the order is completed by 12:30PM ET). If you would like to take part in this option, please call our Sales Department at (866) 443-8002 seven days a week, 8am to Midnight. Let them know you have been working with technical support and the Canon Upgrade Program was offered.