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3. Prepare a balance sheet as of April 30, 2017. When entering assets, enter them in order of liquidity. Wilderness Travel Service Balance Sheet April

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3. Prepare a balance sheet as of April 30, 2017. When entering assets, enter them in order of liquidity. Wilderness Travel Service Balance Sheet April 30, 2017 Assets 0000 0 Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Financial Statements The assets and liabilities of Wilderness Travel Service on April 30, 2017, and its revenue and expenses for the year are as follows: Accounts payable $25,000 Rent expense $75,000 Accounts receivable 210,000 Supplies 9,000 Cash 156,000 Supplies expense 12,000 Common stock 35,000 Taxes expense 10,000 Fees earned 875,000 Utilities expense 38,000 Miscellaneous expense 15,000 Wages expense 525,000 Common stock was $25,000 and retained earnings was $155,000 as of May 1, 2016. During the year, additional common stock of $10,000 was issued for cash, and dividends of $40,000 were paid Required

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