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, 2016 Assets