The account balances of Paradise Travel Service for the year ended May 31, 2046, follow: $787,625 Fees earned Office expense 181,155 15,755 378,060 Miscellaneous expense Wages expense Accounts payable Accounts receivable 19,690 55,130 Cash 233,865 Common stock 135,000 Land 252,000 Supplies 9,450 Cash dividends of $29,900 were paid during the year. Retained earnings as of June 1, 2045, were $213,000. 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 Total assets