Balance Sheet The account balances of Paradise Travel Service for the year ended May 31, 206, follow: Fees earned $900,000 Office expense Miscellaneous expense Wages expense Accounts payable Accounts receivable 300,000 15,000 450,000 18,000 38,000 52,000 100,000 450,000 Cash Common Stock Land 3,000 Supplies $10,000 of dividends were paid during the year. Retained earnings as of June 1, 2045, were $300,000 Prepare a balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 2016 Assets MUN Total assets Liabilities Cash 52,000 100,000 Common Stock Land 450,000 Supplies 3,000 $10,000 of dividends were paid during the year. Retained earnings as of June 1, 2045, were $300,000 Prepare a balance sheet as of May 31, 2016. When entering assets, enter them in order of liquidity. Paradise Travel Service Balance Sheet May 31, 2016 Assets Total assets Liabilities 10 Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity