answer this

Statement of stockholders' equity The revenues and expenses of Paradise Travel Service for the year ended May 31, 2016, follow Fees earned $900,000 Omice expense 300,000 Miscellaneous expense 15,000 Wages expense 450,000 Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $10,000 of dividends were paid during the year. Common stock had a balance of $60,000 and retained earnings had a balance of $300,000 as of June 1, 2015 Prepare a statement of stockholders' equity for the year ended May 31, 2015 Paradise Travel Service Statement of Stockholders' Equity For the Year Ended May 31, 2016 Common Stock Retained Earnings Balances, June 1, 2045 000 $ 300.000 Issued common stock 900.000 X 135.000 Net Income Dividends Balances, May 31, 2016 Check My Work 7 more Check My Work uses remaining DIN