Anya and Nick Ramon, local golf stars, opened the Chio-Shot Driving Range on March 1, 2020, by investing $25,000 of their cash savings in the business. A caddy Shack was constructed for cash at a cost of $8,000, and $800 was spent on golf balls and golf clubs. The Ramons leased five acres of land at a cost of $1,000 per month and paid the first month's rent. During the first month, advertising costs totaled $250, of which $100 was unpaid at March 31, and $500 was paid to members of the high school golf team for retrieving golf balls. All revenues from customers were deposited in the company's bank account. On March 15, Anya and Nick withdrew a total of $1,000 in cash for personal living expenses. A $120 uity bill was received on March 31 but was not paid. On March 31, the balance in the company's bank account was $18,900. Anya and Nick thought they had a pretty good first month of operations. But, their estimates or profitability ranged from a loss of $6,100 to net income of $2,480. Answer the following (61) Prepare a balance sheet at March 31. List Assets in order of liquidity.) CHIP-SHOT DRIVING RANGE Balance Sheet Assets Liabilities and Owner's Equity CHIP-SHOT DRIVING RANGE Balance Sheet 4 Assets $ $ Liabilities and Owner's Equity $ $