Labels and Amount Descriptions The amounts of the assets and liabilities of Nordic Travel Agency at December 31, 2016, the end of the year, and its revenue and expenses for the year follow. The retained earnings were $605,000 on January 1, 2016, the beginning of the year. During the year, dividends of $37,000 were paid Accounts payable $ 73,000 Accounts receivable 277,000 191,500 70,000 888,700 547,000 6,000 34,000 6,000 4,200 29,000 505,000 Common stock Land Supplies expense Utilities expense Wages expense Previous @ 8/28/2017