The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $710,150 Office expense 163,335 Miscellaneous expense 14,205 Wages expense 340,870 Accounts payable 17,755 Accounts receivable 49,710 Cash 224,265 Common stock 135,000 Land 227,000 Supplies 8,520 Cash dividends of $27,000 were paid during the year. Retained earnings as of June 1, 20Y5, were $192,000.