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

Construct an SFP for Sophie's Sofas given the following data. What is shareholders' equity?
Cash and cash equivalents = $10,000
Inventory of sofas = $200,000
Store and property, net = $100,000
Trade receivables = $22,000
Trade payables = $17,000
Long-term debt = $170,000

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