Question: Construct a balance sheet for Sophie' Sofas given the following data, including shareholders' equity. Cash balances Inventory of sofas Store and property Accounts receivable Accounts

Construct a balance sheet for Sophie' Sofas given the following data, including shareholders' equity.
Cash balances
Inventory of sofas
Store and property
Accounts receivable
Accounts payable
Long-term debt
$5,000
$150,000
$50,000
$17,000
$12,000
$120,000
BALANCE SHEET OF SOPHIE'S SOFAS
Construct a balance sheet for Sophie' Sofas given the following data,

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