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Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2015, the end of the year, and its

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Financial Statements The amounts of the assets and liabilities of Wilderness Travel Service at April 30, 2015, the end of the year, and its revenue and expenses for the year are listed below. The capital of Harper Borg, owner, was $39,000 at May 1, 2014, the beginning of the year, and the owner withdrew $19,100 during the year. Accounts payable $13,050 Accounts receivable 69,840 Cash 140,990 Fees earned 513,200 Miscellaneous expense 4,100 Rent expense 68,260 Supplies 6,070 Supplies expense 10,920 Taxes expense 10,000 Utilities expense 40,950 Wages expense 195,020 Required: 1. Prepare an income statement for the year ended April 30, 2015. Wilderness Travel Service Income Statement For the Year Ended April 30, 2015 C

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