Question: Construct a balance sheet for Sophie's Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.) Cash

Construct a balance sheet for Sophie's Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.) Cash balances = $ 15.000 Inventory of $250,000 sofas Store and = $ 150.000 property Accounts receivable = $ 27.000 Accounts payable = $ 22.000 Long-term debt = $ 220.000 Assets Cash Accounts receivable (Click to select [Click to select) BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity Click to select Click to select Click to select Total assets Total abilities & Shareholders equity

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