Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 2016, follow: Fees earned $844,705 Office expense 194,280 Miscellaneous expense 16,895 Wages expense 405,460 Accounts payable 21,120 Accounts receivable 59,130 Cash 240,825 Common stock 135,000 Land 270,000 Supplies 10,135 Cash dividends of $32,100 were paid during the year. Retained earnings as of June 1, 20Y5, were $228,000. 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 240,825 Common stock 135,000 270,000 10,135 Land Supplies Cash dividends of $32,100 were paid during the year. Retained earnings as of June 1, 20Y5, were $228,000. Prepare the balance sheet as of May 31, 20Y6. 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