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.$)$

Cash balances $=$ $$5,500$

Inventory $of=$$${?}^{155,000}$

sofas

Store and $=$$$55,000$

property

Accounts $=$$$17,500$

receivable $=$$$17,500$

Accounts $=$$$12,500$

payable

Long$-$term debt $=$$${?}^{125,000}$

BALANCE SHEET OF SOPHIE'S SOFAS