Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 2046, follow: Fees earned $806,120 Office expense 185,410 Miscellaneous expense 16,120 Wages expense 386,940 Accounts payable 20,155 Accounts receivable 56,430 Cash 236,100 Common stock 135,000 Land 258,000 Supplies 9,675 Cash dividends of $30,600 were paid during the year. Retained earnings as of June 1, 2045, were $218,000 Prepare the balance sheet as of May 31, 2016. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 2016 Assets