An inexperienced accounting intern at Krazy Karim prepared the following income statement for the fiscal period 2020: Krazy karim Income statement as of december 31 2020 Revenues: Unearned revenue: $50000 Services provided to customers: 73,000 Accounts receivable: 3500 Common stock: 21000 Loan from bank: 175000 Total revenues: $165000 Expenses: Payments on principal portion if long term debt: $40000 Operating expenses: 26000 Dividends: 5000 Equipment purchase: 19000 Income tax payable: 2400 Total expenses: 96000 Net income: $69000 Identify and explain all of the errors made by the intern