Anya and Nick Ramon, local golf stars, opened the Sheridan Driving Range on March 1, 2020, by investing $25,200 of their cash savings in the business. A caddy shack was constructed for cash at a cost of $7,800, and $780 was spent on golf balls and golf clubs. The Ramons leased five acres of land at a cost of $1,200 per month and paid the first month's rent. During the first month. advertising costs totaled $800, of which $160 was unpaid at March 31, and $380 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 $800 in cash for personal living expenses. A $120 utility bill was received on March 31 but was not paid. On March 31, the balance in the company's bank account was $18,800. Anya and Nick thought they had a pretty good first month of operations. But, their estimates of profitability ranged from a loss of $6,100 to net income of $1,900. Answer the following. (b1) Your answer is partially correct. Prepare a balance sheet at March 31. (List Assets in order of liquidity.) SHERIDAN DRIVING RANGE Cash Accounts Receivable Equipment Balance Sheet March 31, 2020 Assets 69 $ Total Assets Liabilities and Owner's Equity Accounts Payable Owner's Equity $ $ Total Liabilities and Owner's Equity