Identify the incorrect statement:
(1) Biological names are generally in Latin and written in italics. They are Latinised or derived from Latin irrespective of their origin.
(2) The first word in a biological name represents the genus while the second component denotes the specific epithet.
(3) Both the words in a biological name, when handwritten, are separately underlined, or printed in italics to indicate their vernacular origin.
(4) The first word denoting the genus starts with a capital letter while the specific epithet starts with a small letter.