6. The revenues and expenses of Treasure Island Travel Service for the Year Ended May 31, 2021, follow: Fees Earned $900,000; Office Expense 300,000; Miscellaneous Expense 15,000, Wages Expense $450,000. Prepare an income Statement for the year ended May 31, 2021. 7. Using the income statement for Treasure Island Travel Service shown in question 6, Prepare a Retained Earnings Statement as of May 31, 2021. John Wayne invested an additional $40,000 in exchange for common stock, and $10,000 of dividends were paid during the year.. Retained Earnings as of June 1, 2020, were $300,000.