Question: Construct a balance sheet for Sophie's Sofas given the following data Cash balances Inventory of sofas $200,000 Store and property$100,000 Accounts receivable 22,000 Accounts payable

Construct a balance sheet for Sophie's Sofas given the following data Cash balances Inventory of sofas $200,000 Store and property$100,000 Accounts receivable 22,000 Accounts payable Long-term debt 10,000 ed $ 17,000 = $170,000 ok BALANCE SHEET OF SOPHIE'S SOFAS Liabilities &Shareholders' Equity Assets nces Total assets 0 Total liabilities & shareholders' equity $

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