The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year are as follows: Accounts payable Accounts receivable Cash Common stock Fees earned Land $52,000 310,400 198,600 325,000 1,400,000 1,350,000 Miscellaneous expense Rent expense Supplies Supplies expense Utilities expense Wages expense $22,100 75,000 6,000 15,300 40,000 870,000 Common stock was $250,000 and retained earnings was $1,160,400 as of January 1, 20Y5. During the year, additional common stock of $75,000 was issued for cash, and dividends of $50,000 were paid.

The assets and liabilities of Adventure Travel Agency on December 31, 20Y5, and its revenue and expenses for the year ate as follows: Common stock was $250.000 and retaned eamings was $1,160,400 as of January 1, 20Y5. During the year, addsonal common stock of $75,000 was issued for cash, and dividends of 550,000 were paid. The assets and fiabilities of Adventure Travel Agency on December 31,20Y5, and its revenue and expenses lor the year are as lolows Common stock was $250,000 and retained earnings was $1,160,400 as of January 1,20Y5. During the year, additonal common stock of $75,000 was issued for cash, and dividends of $50,000 wore paid