Income statement
The revenues and expenses of Sunset Travel Service for the year ended April 30, 2014, are listed below.
|
Fees earned
|
$1,673,000
|
|
Office expense
|
488,000
|
|
Miscellaneous expense
|
34,000
|
|
Wages expense
|
660,000
|
Prepare an income statement for the current year ended April 30, 2014.