The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow:

Fees earned	$975,760
Office expense	224,425
Miscellaneous expense	19,515
Wages expense	468,365
Accounts payable	24,395
Accounts receivable	68,300
Cash	256,740
Common stock	135,000
Land	312,000
Supplies	11,710

Cash dividends of $37,100 were paid during the year. Retained earnings as of June 1, 20Y5, were $263,000.

Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity.

Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 2016 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity