The financial statements at the end of Paradise Realty's first month of operations are shown below. PARADISE REALTY Income Statement For the Month Ended November 30, 20Y3 Fees earned Operating expenses: $337,000 Wages expense $ (a) Rent expense 64,030 Supplies expense 54,426 Utilities expense 44,821 Miscellaneous expense 16,008 Total operating expenses (253,425) Net income $ (b)