Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2016, follow: Fees earned $721,150 Office expense 165,865 Miscellaneous expense 14,425 Wages expense 346,150 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 721,150 Expenses: Cash Office expense Miscellaneous expense Total expenses