Question: Construct an SFP for Sophie's Sofas given the following data. What is shareholders' equity? Cash and cash equivalents = $ 1 2 , 4 0

Construct an SFP for Sophie's Sofas given the following data. What is shareholders' equity?
Cash and cash equivalents = $12,400
Inventory of sofas = $224,000
Store and property, net = $124,000
Trade receivables = $28,000
Trade payables = $19,400
Long-term debt = $218,000

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