BOOK Show Me How Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2016, follow: $900,000 Fees earned 300,000 Office expense 15,000 Miscellaneous expense 450,000 Wages expense Prepare an income statement for the year ended May 31, 2016. Paradise Travel Service Income Statement For the Year Ended May 31, 2016 Fees earned X Expenses: Wages expense X office expense X Miscellaneous expense X Total expenses X Net income Feedback Check My Work An Income statement lists the revenues and the expenses. When revenues are smaller than the expenses Check My Work