The account balances of Paradise Travel Service for the year ended May 31, 2046, follow: Fees earned $868,670 Office expense 199,795 Miscellaneous expense 17,375 Wages expense 416,960 Accounts payable 21,715 Accounts receivable 60,810 Cash 244,020 Common stock 135,000 Land 278,000 Supplies 10,425 Cash dividends of $33,000 were paid during the year. Retained earnings as of June 1, 2045, were $235,000. 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 Supplies 10,425 Cash dividends of $33,000 were paid during the year. Retained earnings as of June 1, 2045, were $235,000. Prepare the balance sheet as of May 31, 2016. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 2016 Assets I Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Asset, liability, and stockholders' equity items Indicate whether each of the following is identified with (1) an asset, (2) a liability, or (3) stockholders' equity: a. Accounts payable b. Accounts receivable c. Fees earned d. Supplies e. Supplies expense f. Utilities expense