ECO$-$ STEP Shoe CompanyBalance Sheet As of May $31$st $2022-23$Assets AmountLiabilities and Equity AmountCurrent Assets:$-$ Current Liabilities:$-$Cash and Cash Equivalents$$3,000$Account Payable$$5,000$Accounts Receivables$$12,000$Inventory$$3,000$Other current Assets$$2,000$Total Current Assets $$20,000$Total Current Liabilities $$5,000$Non $-$ Current Asstes:$-$Non$-$Current Liabilities:$-$Land$$2,500$Long $-$Term Debts$$20,000$Equipment$$3,500$Total Liabilities $$25,000$ Accumulated Depreciation$-$$$30,000$Total Non $-$ Current Assets $$24,000$Equity:$-$Retained Earnings$$12,000$Owners Capital$$7,000$Total Equity $$19,000$Total Assets $$44,000$Total Liabilities and Equity $$44,000$