The balance sheets for May 31, 2012, and April 30, 2012, and the income statement for May of the Target-Line Golf Driving Range follow. (Common practice is to show the most recent period first.)

All revenues earned are on account.
State the probable cause(s) of the change in each of the balance sheet accounts from April 30 to May 31, 2012.

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TARGET-LINE GOLF DRIVING RANGE Comparative Balance Sheet May 31, April 30, 2012 2012 Assets Cash $ 56,400 $ 46,800 Land 163,200 144,000 Total assets 219,600 $190,800 Liabilities and Stockholders' Equity Accounts payable $ 18,000 $ 27,600 Capital stock 144,000 144,000 Retained earnings 57,600 19,200 Total liabilities and stockholders' equity $ 219,600 $ 190,800