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

   Fees earned	$963,015
   Office expense	221,495
   Miscellaneous expense	19,260
   Wages expense	462,245
   Accounts payable	24,075
   Accounts receivable	67,410
   Cash	255,525
   Common stock	135,000
   Land	308,000
   Supplies	11,555

   Cash dividends of $36,600 were paid during the year. Retained earnings as of June 1, 20Y5, were $260,000.

   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, 20Y6
   Assets
   Cash	$fill in the blank 2
   Accounts receivable	fill in the blank 4
   Supplies	fill in the blank 6
   Land	fill in the blank 8
   Total assets		$fill in the blank 9
   Liabilities
   Accounts payable		$fill in the blank 11
   Stockholders' Equity
   Common stock	$fill in the blank 13
   Retained earnings	fill in the blank 15
   Total stockholders' equity		fill in the blank 16
   Total liabilities and stockholders' equity		$fill in the blank 17