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

Fees earned	$817,080
Office expense	187,930
Miscellaneous expense	16,340
Wages expense	392,200
Accounts payable	20,425
Accounts receivable	57,200
Cash	238,030
Common stock	135,000
Land	261,000
Supplies	9,805

Cash dividends of $31,000 were paid during the year. Retained earnings as of June 1, 20Y5, were $221,000.

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
Total assets
Liabilities
Stockholders' Equity
Total stockholders' equity
Total liabilities and stockholders' equity