Question: 1a 1b Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. = = = Cash balances Inventory of sofas Store

1a 1a 1b Construct a balance sheet for Sophie's Sofas given the following

1b data, including shareholders' equity. = = = Cash balances Inventory of sofas

Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. = = = Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt $ 8,000 $180,000 $ 80,000 $ 20,000 $ 15,000 $150,000 = = = BALANCE SHEET OF SOPHIE'S SOFAS Assets Liabilities & Shareholders' Equity Total assets Total liabilities & shareholders' equity The year-end 2018 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $3,100,000 and retained earnings at $5,400,000. The next year, retained earnings were listed at $5,700,000. The firm's net income in 2019 was $1,100,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2019? Dividends paid

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