The account balances of Paradise Travel Service for the year ended May 31, 2016, follow: Fees earned $976,040 Office expense 224,490 Miscellaneous expense 19,520 Wages expense 468,500 Accounts payable 24,400 Accounts receivable 68,320 Cash 257,800 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 $264,000. 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, 20Y6 Assets