The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, follow: Accounts Fees earned $801,000 Office expense 295,300 Miscellaneous expense 10,000 Wages expense 451,700 Everett McCauley invested an additional $36,200 in the business in exchange for common stock, and $14,200 of dividends were paid during the year. Retained earnings as of June 1, 2017, was $340,000. Prepare a retained earnings statement for the year ended May 31, 2018. Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. "Less" or "Add" is not required. A decrease to retained earnings should be entered as a negative amount. Paradise Travel Service Retained Earnings Statement For the Year Ended May 31, 2018 1 Retained earnings, June 1, 2017 2 Net income 3 Dividends * Change in retained earnings 5 Retained earnings, May 31, 2018