A$-$One Travel Service is owned and operated by Kate Duffner. The revenues and expenses of A$-$One Travel Service for the year ended August $31,20$Y$6,$ follow:

Fees earned

$$1,150,000$

Office expense

$150,000$

Miscellaneous expense

$45,000$

Wages expense

$640,000$

Prepare an income statement for the year ended August $31,20$ Y$6.$

A$-$One Travel Service

Income Statement

For the Year Ended August $31,20$ Y$6$

Line Item Description Amount Amount

$$ $

Expenses: $$

Total expenses

$$

$$

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