Current Attempt in Progress On May 1, Crane Flying School, a company that provides flying lessons, was started by issuing common stock in exchange for cash of $45,200. Following are the assets and liabilities of the company on May 31,2027, and the revenues and expenses for the month of May. No additional investments were made in May, but the company paid dividends of $300 during the month. CRANE FLYING SCHOOL Income Statement s s