Question: 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

Construct a balance sheet for Sophie's Sofas given the following data,

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 $ 6,500 $165,000 $ 65,000 $ 18,500 $ 13,500 $135,000 = BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity Assets Total assets $ 0 Total liabilities & shareholders' equity $ 0

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