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, 20Y6, follow: Accounts (revenue and expense items) Fees earned $1,495,000 Office expense 305,000 Miscellaneous expense 37,000 Wages expense 890,000 Required: Prepare an income statement for the year ended August 31, 20Y6