Financial statements The assets and liabilities of Wilderness Travel Service on April 30, 2017, and its revenue and expenses for the year are as follows: Accounts payable $25,000 Accounts receivable 210,000 Cash 156,000 Common stock. 35,000 Fees earned 875,000 Miscellaneous expense 15,000 Rent expense 75,000 Supplies 9,000 Supplies expense 12,000 Taxes expense 10,000 Utilities expense 38,000 Wages expense 525,000 Common stock was $25,000 and retained earnings was $155,000 as of May 1, 20Y6. During the year, additional common stock of $10,000 was issued for cash, and dividends of $40,000 were paid. Renuirar- 3. Prepare a balance sheet as of April 30, 2017. When entering assets, enter them in order of liquidity. Wilderness Travel Service Balance Sheet Cash April 30, 2017 Amount Amount Line Item Description Accounts receivable Supplies Total assets Assets 156,000 210,000 9,000 375,000 Liabilities Accounts payable 25,000 Stockholders' Equity Common stock 35,000 Retained earnings 305,000 X Total stockholders' equity Total liabilities and stockholders' equity 35,000 X 365,000 X Feedback 2. Prepare a statement of stockholders' equity for the year ended April 30, 2017. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Wilderness Travel Service Statement of Stockholders' Equity For the Year Ended April 30, 2017 Common Stock Retained Earnings Total Balances, May 1, 20Y6 25,000 s 155,000 180,000 Issued common stock. 35,000 X 0 Net income 0 < Dividends Balances, April 30, 2017 Feedback Check My Work Partially correct 3. Prepare a balance sheet as of April 30, 2017. When entering assets, enter them in order of liquidity, Wilderness Travel Service