Prepare an Income statement according to the Instructions

Instructions The amounts of the assets and liabilities of Nordic Travel Agency at December 31, 2019, the end of the year, and its revenue and expenses for the year follow. The capital of lan Eisele, owner, was $655,000 on January 1, 2019, the beginning of the year. During the year, lan withdrew $35,000. Amounts Accounts $73,500 Accounts payable 288,000 Accounts receivable 186,000 Cash 905,900 Fees earned 542,000 Land 6,600 Miscellaneous expense 30,000 Rent expense 5,100 Supplies 4,200 Supplies expense 26,500 Utilities expense 511,000 Wages expense Income Statement 1. Prepare an income statement for the year ended December 31, 2019. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred, enter that amount as a negative number using a minus sign. A colon () will automatically appear if it is required. Nordic Travel Agency Income Statement (Label) 2 (Label) 4