On May $1,$ Sheridan Company, a company that provides flying lessons, w$$s started by using common stock in exchange for cash of $$45,300.$ Following are the assets and liabilities of the company on May $31,2022,$ and the revenues and expenses for the month of May.

$\backslash$table$[[$Cash$,$$$4,950,$Notes Payable,$$28,000$

A$3)$ prepare a balance sheet at May $31($List Assests in order of liquidity$)$