Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned Office expense Miscellaneous expense Wages expense $950,140 218,530 19,005 456,065 Prepare an income statement for the year ended May 31, 20Y6. Paradise Travel Service Income Statement For the Year Ended May 31, 20Y6 Fees earned Expenses: Total expenses $ 950,140