Question: Construct a balance sheet for Sophies Sofas given the following data. Cash balances = $ 10,500 Inventory of sofas = $ 205,000 Store and property

Construct a balance sheet for Sophies Sofas given the following data. Cash balances = $ 10,500 Inventory of sofas = $ 205,000 Store and property = $ 105,000 Accounts receivable = $ 22,500 Accounts payable = $ 17,500 Long-term debt = $ 175,000

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