Homework: Chapter 1 eBook Show Me How Calculator Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 2016, follow: Fees earned $966,670 Office expense 222,335 Miscellaneous expense 19,335 Wages expense 464,000 Accounts payable 24,165 Accounts receivable 67,670 Cash 256,195 Common stock 135,000 Land 309,000 Supplies 11,600 Cash dividends of $36.700 were paid during the year. Retained earnings as of June 1, 2045, were $261,000. Prepare the balance sheet as of May 31, 2048. When entering assets, enter them in order of liquidity, Paradise Travel Service Balance Sheet May 1, 2016