The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, are listed below. Fees earned $800,845 Office expense 184,195 Miscellaneous expense 16,015 Wages expense 384,405 Prepare a retained earnings statement for the year ended May 31, 2018. Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $30,400 of dividends were paid during the year. Retained earnings as of June 1, 2017, were $216,000.