Current Attempt in Progress On May 1, Nimbus Flying School, a company that provides flying lessons, was started by using common stock in exchange for cash of $45,000. Following are the assets and liabilities of the company on May 31, 2022, and the revenues and expenses for the month of May. tion.pdf Cash $4,650 Notes Payable $28,000 Accounts Receivable 7,400 Rent Expense 900 Equipment 64.000 Maintenance and Repairs Expense 350 Service Revenue 6,800 Gasoline Expense 2,500 Advertising Expense 500 Utilities Expense 400 Accounts Payable: 1,400 No additional investments were made in May, but the company paid dividends of $500 during the month. JAN 16 A NTR 1050 Farm Busin. DNIT dom ance Sheet NT nable (1).pd Question 3 of 5 Expenses -/10 E For the Month Inded May 31, 2022 16 A