On May 1, Blue Spruce Corp., a company that provides flying lessons, was started by using common stock in exchange for cash of $45,150. Following are the assets and liabilities of the company on May 31, 2022, and the revenues and expenses for the month of May. Cash Accounts Receivable Equipment Service Revenue Advertising Expense Accounts Payable $4.800 7,550 64,150 6,950 650 1,550 Notes Payable Rent Expense Maintenance and Repairs Expense Gasoline Expense Utilities Expense $28,000 1,100 550 2,300 200 No additional investments were made in My, but the company paid dividends of $350 during the month. Assets $ Liabilities and Stockholders' Equity