Question: Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. $ 12,500 $225,000 $125,000 Cash balances Inventory of sofas Store and

Construct a balance sheet for Sophie's Sofas given the following data,

Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. $ 12,500 $225,000 $125,000 Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt $ 24,500 $ 19,500 $195,000 BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity Total assets $ $ = = Assets 0 Total liabilities & shareholders' equity

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