Current Attempt in Progress William Matthew achieved oneof his life-long dreams byopening hisown business, The CraneShack Driving Range, on May 1, 2020. Heinvested $20,150 of hisown savings in the business. He paid $7,200 cash to have a small building constructed to house the operations and spent $815 on golf clubs, golf balls, and yardage signs. Matthew leased 4 acres of land at a cost of $1,150 per month. (He paid the first month's rent in cash.) During the first month, advertising costs totaled $770, of which $190 was unpaid at the end of the month. Matthew paid his three nephews $410 for retrieving golf balls. Hedeposited in thecompany's bank account all revenues from customers ($4,600). On May 15, Matthew withdrew $815 in cash for personal use. On May 31, thecompany received a utility bill for $100 but did not immediately pay it. On May 31, the balance in thecompany bank account was $13,780. Matthew is feeling pretty good about results for the first month, but his estimate of profitability ranges from a loss of $6,370 to a profitof $1,355. (a1) Prepare a balance sheet at May 31, 2020. List Assets in order of liquidity.) Crane Shack Driving Range Statement of Financial Position For the Month Ended May 31, 2020 Assets $ Liabilities and Equity Owners' Equity $