Instructions Instructions Labels and Amount Descriptions Income Statement The revenues and expenses of Up-in-the-Air Travel Service for the year ended April 30, 20Y7, follow: Fees earned $742,000 Office expense 308,000 Miscellaneous expense 10,000 Wages expense 490,000 atement F entries. E penses sh Score: 0/ Prepare an income statement for the year ended April 30, 2017. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. A colon (:) will automatically appear if it is required. $657,000.0 ATCOTT Statemen Instructions Labels and Amount Descriptions Labels and Amount Descriptions Labels April 30, 2017 Expenses For the Year Ended April 30, 20Y7 Amount Descriptions Gross loss Gross profit Net income Net loss Total expenses Instructions Labels and Amount Descriptions Income Statement Income Statement Shaded cells have feedback. Prepare an income statement for the year ended April 30, 2017. Be sure to complete the statement heading. Refer to the lists of Accounts in the information given, Labels, and Amount Descriptions for the exact wording of the answer choices for text entries. Enter amounts as positive numbers unless the amount is a calculation that results in a negative amount. For example: Net loss should be negative. Expenses should be positive. A colon (:) will automatically appear if it is required. 1 2 (Label) 3 4 S Up-in-the-Air Travel Service Income Statement (Label) Score: 0/56