The following are the amounts of the assets and liabilities of New World Travel Agency at December 31, 2014, the end of the current year, and its revenue and expenses for the year. The retained earnings were $53,470 on January 1, 2014, the beginning of the current year. During the current year, dividends of $26,200 were paid. Accounts payable $19,500 Accounts receivable 69,390 Capital stock 15,000 Cash 210,730 Fees earned 703,600 Land 50,000 Miscellaneous expense 5,470 Rent expense 91,120 Supplies 9,080 Supplies expense 14,580 Utilities expense 54,670 Wages expense 260,330 Required: