Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 2018, are listed below. Fees earned $889,810 Office expense 204,655 Miscellaneous expense 17,795 Wages expense 427,110 Accounts payable $22,245 Accounts receivable 62,290 Cash 245,725 Common stock 135,000 Land 285,000 Supplies 10,680 Cash dividends of $33,800 were paid during the year. Retained earnings as of June 1, 2017, were $240,000. Prepare the balance sheet as of May 31, 2018. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 2018 Assets Cash Accounts receivable 62,290 Supplies Land 285,000 245,725 10,680 Total assets 603,695 Liabilities Accounts payable 22,245 Common stock Retained earnings Stockholders' Equity 135,000 240,000 x 375,000 X Total stockholders' equity Total liabilities and stockholders' equity 397,245 X