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.) = $ 8,000 180,000 Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt = $ 80,000 = $ 20,000 = $ 15,000 = $ 150,000 8000 $ BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity $ Accounts payable 20000 Long-term debt 180000 Shareholders' equity 80000 Assets Cash Accounts receivable Inventory Store and property 20000 150000 Total assets $ 288000 Total liabilities & shareholders' equity $