Retained Earnings Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, are listed below. Fees earned $718,100 Office expense 165,165 Miscellaneous expense 14,360 Wages expense 344,690 Prepare a retained earnings statement for the year ended May 31, 2018. Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $27,300 of dividends were paid during the year. Retained earnings as of June 1, 2017, were $194,000. Paradise Travel Service Retained Earnings Statement For the Year Ended May 31, 2018