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.) =

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

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.) = $ 6,000 160,000 $ 60,000 Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt = $ 18,000 = $ 13,000 130,000 $ BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity (Click to select) (Click to select) (Click to select) $ V Assets (Click to select) (Click to select) Click to select) (Click to select) $ Total assets $ Total liabilities & Shareholders' equity $

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