I am unsure as to what to look for in terms of errors made in the 3 statements. Thanks in advance and please help!!

-201%20-%20semester%202%202020_FINAL%20(1).pdf Maps News @ Sorrento Beach Esc... Central Delivery Services Pty Ltd Income Statement For the year ended 30 June 2020 Central Delivery Services Pty Ltd Statement of Financial Position As at the 30 June 2020 Revenues Service revenue Revenue received in advance Cash Accounts receivable 165,000 250,000 18,000 275,000 25.000 578,000 Assets Current Assets Delivery Vehides Non-current assets Supplies Total assets 28,000 193.000 Expenses Accumulated depredation motor vehide Accounts payable Depreciation expense-motor vehicle Fuel expense Insurance expense Interest expense Salaries expense Total expenses Profit (30,000) 20,000 25.000 35,000 10,000 10,000 105,000 175,000 403,000 Liabilities Current liabilities Interest payable Long-term bank loan Salaries payable Total liabilities &000 160,000 5.000 171.000 Netats 20,000 Central Delivery Services Pty Ltd Statement of Changes in Equity For the year ended 30 June 2020 Equity Capital Total Equity 41.500 263.000 Owners Investment 41,500 Retained eamings beginning balance Retained earnings ending balance 155,500 220.500 Closing Equity 262.000 After learning that you are currently studying accounting at La Trobe University, Maria has asked you for advice in the form of a brief written report. Your report should a) Describe the purpose of each of the financial statements above (100 words). (1 mark) b) List any errors Maria has made in these financial statements and then briefly explain to Maria the correct treatment (300 words). (4 marks)