Statement of stockholders' equity The revenues and expenses of Paradise Travel Service for the year ended May 31, 2016, follow: Fees earned Office expense $900,000 300,000 Miscellaneous expense Wages expense 15,000 450,000 Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $10,000 of dividends were paid during the year. Common stock had a balance of $60,000 and retained eamings had a balance of $300,000 as of June 1, 2015. Prepare a statement of stockholders' equity for the year ended May 31, 2016. Paradise Travel Service Statement of Stockholders' Equity For the Year Ended May 31, 2016 Common Stock Retained Earnings Total