The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow: Fees

Question:

The revenues and expenses of Sentinel Travel Service for the year ended August 31, 2019, follow:
Fees earned ......................... $750,000
Office expense .................... 295,000
Miscellaneous expense ............ 12,000
Wages expense ...................... 450,000
Prepare an income statement for the year ended August 31, 2019.