Instructions The balances of Paradise Travel Service's accounting equation items for the year ended May 31, 2016, are listed below. $10,000 of dividends were paid during the year Retained earnings as of June 1, 2045, were $300,000 Accounts Fees eamed $900 000 Office expense Miscellaneous expense 300,000 15,000 450,000 Wages expense Accounts payable 18,000 Accounts receivable 38,000 Cash 52.000 100.000 Common stock Land 450,000 3,000 Supplies Prepare a balance sheet as of May 31, 2016 Refer to the list of Accounts, Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading