Alpine Realty, Inc., organized July 1, 2018, is operated by Angela Griffin. How many errors can you find in the following financial statements for Alpine Realty, Inc., prepared after ins first month of operations? ALPINE REALTY, INC Income Statement Aly 31, 2018 450.000 Sales commissions. Operating expenses Othce salaries expense. Rent expense Automobile expense... Dividends Miscellaneous expense. Total operating expenses.. Net Income $20,000 6.000 3,500 2,000 1,500 33.000 522.000 ANGELA GRIFFIN Statement of Stockholders Equity July 31, 2017 Net income for the month.. Retained earnings, July 31, 2017 $27,000 $27.000 $32.000 20,000 552.000 Balance Sheet For the Month Ended July 31, 2017 Assets Cash Notes payable Total assets Liabilities Land Stockholders' Equity Cominon stock Retained earnings... Total stockholders' ecuity Total abilities and stockholders' equity. $30,000 515.000 27.000 42.000 ALPINE RLALTY, INC. Statement of Cash Flows July 31, 2015 $ 60.000 130.0001 Cash flows from operating activities Cash receipts from sales con missions Cash flows used for investing activities Cash payments for and Cashflows from Francia activities: Cash receiptstrom retained earnings Net increase in cash during luly Cash as of ly 1. 2018 Cash as of July 31, 2018 27,000 $ 57.0cd $ 57 000