19. Identify and Correct Income Statement Errors LO2 The Sivabalan Subsidiary was started on 1 July. At the end of the financial year the company used an accounting intern to prepare the following financial statement: The Sivabalan Subsidiary income sheet at 30 June Income from services $ 170000 Accounts receivable 40000 Total revenue $210 000 Less: Expenses Salaries $ 57000 Advertising (14000) Dividends 10000 Electricity 22000 Total expenses $ 75000 Total income $135000 Required List all of the deficiencies that you can identify in this income statement and prepare an income statement with correct information and proper format from the above information