Question: Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. Cash balances Inventory of sofas Store and property Accounts receivable Accounts

Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt $ 15,000 $250,000 $150,000 $ 27,000 $ 22,000 $220,000 Assets BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity Total O Total liabilities & shareholders' equily $

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