Lisa commenced her consulting business on 1 May 2022. Her accountant prepared the following income statement for the first month of operations, but Lisa is confused about some aspects of the income statement. Lisa Consulting Income Statemen the month of May 2022 Revenue Less: Expenses Rent Insurance Telephone Office supplies Electricity Depreciation of car Net Profit $7,000 2,000 200 220 500 430 250 $3,350 $3,650 Required: Prepare responses to the following questions posed by Lisa: B DOQ38130% Required: Prepare responses to the following questions posed by Lisa: (a) One of the expense items is "Depreciation of car". I do not understand this. Can you please explain it?' (3 marks) (b) I withdrew $1,000 from the business bank account during May to spend on a holiday weekend at the coast, but I cannot seem to find this item in the statement. Why is that? (3 marks) (c) There seems to be an error regarding office supplies. I clearly remember buying $800 worth of office supplies during May, yet only $500 has been shown as expense. How can this be?' (4 marks)