Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 2016, follow: Fees earned $843,500 Office expense 194,005 Miscellaneous expense 16,870 Wages expense 404,880 Accounts payable 21,090 Accounts receivable 59,050 Cash 240,565 Common stock 135,000 Land 270,000 Supplies 10,120 Cash dividends of $32,100 were paid during the year. Retained earnings as of June 1, 2045, 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, 2046 Assets Prepare the balance sheet as of May 31, 2016. When entering assets, enter them in order of liqui Paradise Travel Service Balance Sheet May 31, 2016 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Assets Accounts payable Cash Dividends Fees earned Miscellaneous expense Liabilities Retained earnings Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity od