The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, are listed below Fees earned Office expense Miscellaneous expense 15,235 Wages expense Prepare an income statement for the year ended May 31, 2018 $761,655 175,180 365,595 Paradise Travel Service Income Statement For the Year Ended May 31, 2018 Expenses Total expenses The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, are listed below Fees earned Office expense Miscellaneous expense 18,795 Wages expense $939,805 216,155 451,105 Prepare a retained earnings statement for the year ended May 31, 2018. Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $35,700 of dividends were paid during the year. Retained earnings as of June 1,2017, were $254,000. Paradise Travel Service Retained Earnings Statement For the Year Ended May 31, 2018