Describe 2 errors in the heading in the financial statemant hainw lwa are referring to the Gross profit 5205 Operating expenses \begin{tabular}{l|c|c|} \hline Administrative expense & 5 & 6 \\ \hline Advertising expense & 5 & 3 \\ \hline Website marketing expenset & 5 & 5 \\ \hline Utilities expense & 5 & 5 \\ \hline Insurance expense & 5 & 3 \\ \hline Rent expense & 5 & 4 \\ \hline Wages \& salaries expense & 5 & 15 \\ \hline Depreciation expense & 5 & 6 \\ \hline \multicolumn{1}{c}{ Total operating expenses } & 5 & 47 \end{tabular} Net Operating Profit before income taxes $158 Less: income Taxes 5 (2) Net income after Taxes (or Net Profit) 5156 Edit View Insert Format Tooks Table 12pt Paragraph B I U 2