BOOK Show Me How Print Item Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 2016, follow: Fees eamed $957,805 Office expense 220,295 Miscellaneous expense 19,155 Wages expense 459,745 Accounts payable 23,945 Accounts receivable 67,050 Cash 255,610 Common stock 135,000 Land 306,000 Supplies 11,495 Cash dividends of $36,400 were paid during the year. Retained earnings as of June 1, 2045, were $259,000. Prepare the balance sheet as of May 31, 2016. When entering assets, enter them in order of liquidity. 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 7 Total assets Liabilities Qoll OD do Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity