Question: Construct a balance sheet for Sophie's Sofas given the following data. Cash balances Inventory of sofas $200,000 Store and property $100, 000 Accounts receivable $

Construct a balance sheet for Sophie's Sofas given the following data. Cash balances Inventory of sofas $200,000 Store and property $100, 000 Accounts receivable $ 22, 000 Accounts payable$ 17,000 Long-term debt $10,000 - $170, 000 BALANCE SHEET OF SOPHIE'S SOFAS Assets Liabilities & Shareholders' Equity Total assets Total liabilities & shareholders equity

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