Your accounting firm audits the financial statements of the Sioux Falls Society for the Preservation of Prairie Dogs, a private not-for-profit organization. Your job is to review the format of the Society's operating statement for the year. Here is the statement:

Required
There are five different reporting errors in this statement. Identify each error. Assume the numbers are correct?

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SIOUX FALLS SOCIETY FOR THE PRESERVATION OF PRAIRIE DOGS Statement of Activities For Fiscal Year Ended June 30, 2014 Unrestricted net assets Temporarily Permanenty restricted net assets restricted net assets Revenues, gains and other support: Fees Gains on investments.... $180,000 $350,000 150,000 1,500 2,000 150,000 518,500 25,000 1,000 (45,000) 161,000 5,000 (85,000) 270,000 Net assets released from restrictions...... Total revenues, gains, and other support... Expenses: 30,000 75,000 290,000 495,000 25,000 10,000 Supplies.. Rent Total expenses Net profit Beginning net assets .m.... Ending net assets. 35,000 126,000 140,000 5266,000 270,000 460,000 $730,000 23,500 102,000 ..$125,500