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The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $921,000 Office expense 211,830 Miscellaneous expense 18,420

The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow:

Fees earned $921,000
Office expense 211,830
Miscellaneous expense 18,420
Wages expense 442,080

Prepare an income statement for the year ended May 31, 20Y6.

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

Accounts receivableCommon stockCashFees earnedLand

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Expenses:

Accounts payableCashDividendsSuppliesWages expense

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Accounts payableAccounts receivableCommon stockLandOffice expense

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CashDividendsFees earnedLandMiscellaneous expense

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Total expenses fill in the blank 9

Net incomeNet loss

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