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

Fees earned	$760,080
Office expense	174,820
Miscellaneous expense	15,200
Wages expense	364,840
Accounts payable	19,000
Accounts receivable	53,210
Cash	229,990
Common stock	135,000
Land	243,000
Supplies	9,120

Cash dividends of $28,900 were paid during the year. Retained earnings as of June 1, 20Y5, were $205,000.

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	229,990
Accounts receivable	53,210
Supplies	9,120
Land	243,000
Total assets		______
Liabilities
Accounts payable		19,000
Stockholders' Equity
Common stock	135,000
Retained earnings		______
Total stockholders' equity		______
Total liabilities and stockholders' equity		______