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, including shareholders' equity. Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt $ 11,500 $215,000 $115,000 $ 23,500 $ 18,500 $185,000 BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity Assets Total assets Total liabilities & shareholders' equity 0

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