Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $952,605 Office expense 219,100 Miscellaneous expense 19,050 Wages expense 457,250 Accounts payable 23,815 Accounts receivable 66,680 Cash 253,710 Common stock 135,000 Land 305,000 Supplies 11,430 Cash dividends of $36,200 were paid during the year. Retained earnings as of June 1, 2015, were $257,000.