The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, are listed below. Fees eamed $728.735 Office expense 167,610 Miscellaneous expense 14,575 Wages expense 349,795 Prepare a retained earings statement for the year ended May 31, 2016. Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $27,700 of dividends were paid during the year Retained earnings as of June 1, 2017, were $197,000. Paradise Travel Service Retained Earnings Statement For the Year Ended May 31, 2018 The account balances of Paradise Travel Service for the year ended May 31, 2018, are listed below. Fees eamed $780,155 Office expense 179,435 Miscellaneous expense 15,605 Wages expense 374,475 Accounts payable $19,505 Accounts receivable 54,610 Cash 232,575 Common stock 135,000 Land 250,000 Supplies 9,360 Cash dividends of $29,600 were paid during the year. Retained earnings as of June 1, 2017, were $211,000. Prepare the balance sheet as of May 31, 2018. When entering assets, enter them in order of liquidity Paradise Travel Service Balance Sheet May 31, 2018 Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity