Question: Construct a balance sheet for Sophies Sofas given the following data: Cash balances = $ 15,000 Inventory of sofas = $ 250,000 Store and property

Construct a balance sheet for Sophies Sofas given the following data:

Cash balances = $ 15,000

Inventory of sofas = $ 250,000

Store and property = $ 150,000

Accounts receivable = $ 27,000

Accounts payable = $ 22,000

Long-term debt = $ 220,000

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