Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $900,000 Office expense 300,000 Miscellaneous expense 15,000 Wages expense 450,000 Prepare an income statement for the year ended May 31, 20Y6. Paradise Travel Service Income Statement For the Year Ended May 31, 20Y6 $Accounts receivable Expenses: $Wages expense Total expenses fill in the blank 9

aradise Travel Service Income Statement For the Year Ended May 31, 20Y6

Accounts receivableCashCommon stockFees earnedSuppliesAccounts receivable

$Accounts receivableExpenses:

DividendsFees earnedLandSuppliesWages expenseWages expense

$Wages expense

Accounts payableCashCommon stockFees earnedOffice expense

Accounts receivableCashDividendsLandMiscellaneous expense

Total expensesfill in the blank 9

Net incomeNet lossNet income

$Net income