Identify the 2 errors in the following Income Statement. Make sure to clearly explain the errors.

DIVVY Company
Income Statement
For the Month Ended 1/31/2021
Revenues
Rides Earned			20,000
Cancellation Fee Earned			15,000
Cash			5,000
Total Revenues			40,000
Expenses
Wages Expense			10,000
Accumulated Depreciation			25,000
Supplies Expense			15,000
Rent Expense			10,000
Total Expenses			60,000
Net Loss			(20,000)