Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $839,025 Office expense 192,975 Miscellaneous expense 16,780 Wages expense 402,730 Accounts payable 20,975 Accounts receivable 58,730 Cash 240,815 Common stock 135,000 Land Supplies 268,000 10,070 Cash dividends of $31,900 were paid during the year. Retained earnings as of June 1, 2015, were $227,000. 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 Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity QO 0.0 100