Identify the errors contained within the presented financial statements for We$-$Sell Realty.

$1.$ Which of the financial statement$($s$)$ display the correct heading? Statement of Stockholders$$ Equity Incorrect

Points:

$0/1$

$2.$ Which of the financial statement$($s$)$ cover a period of time? All of the statements Incorrect

Points:

$0/1$

$3.$ What is the equation on the balance sheet? Assets $=$ Liabilities $+$ Stockholders$$ Equity Correct

Points:

$1/1$

$4.$ What is the correct net income?

$$24,500\mathrm{.}00$

Points:

$1/1$

This error also affects what other account balance? Stockholders$$ Equity, August $31,20$Y$7$ Correct

Points:

$1/1$

$5.$ What is the correct total for the total assets?

$$51,800\mathrm{.}00$

Points:

$1/1$

$6.$ What is the correct total for the liabilities?

$$22,300\mathrm{.}00$

Points:

$1/1$