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Please explain how. Income Statement 1 Fees earned 2 Expenses: 3 Wages expense 4 Office expense S Miscellaneous expense 6 Total expenses 7 Net loss

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Please explain how.

Income Statement 1 Fees earned 2 Expenses: 3 Wages expense 4 Office expense S Miscellaneous expense 6 Total expenses 7 Net loss use ravel ervice Income Statement For the Year Ended November 30, 2016 $468,000.00 305,000.00 12,000.00 $750,000.00 785,000.00

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