Question: Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. $ 12,000 $ 220,000 $ 120,000 Cash balances Inventory of

Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. $

Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. $ 12,000 $ 220,000 $ 120,000 Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt $ 24,000 $ 19,000 $ 190,000 Total assets Assets BALANCE SHEET OF SOPHIE'S SOFAS $ Liabilities and Shareholders' Equity 0 Total liabilities and shareholders' equity $ 0

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