The assets and liabilities of Impeccable Travel Service at November 30, 2010, the end of the current year, and its revenue and expenses for the year are listed below. The capital stock was $53,000 and the retained earnings were $219,900 at December 1, 2009, the beginning of the current year.

Accounts payable	$21,450		Miscellaneous expense	$10,750
Accounts receivable	37,550		Office expense	123,350
Cash	101,900		Supplies	34,850
Fees earned	536,300		Wages expense	246,700
Land	275,550

Prepare the balance sheet as of November 30, 2010.