Question: Problem 3 - 3 Balance Sheet ( LO 1 ) Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. Cash

Problem 3-3 Balance Sheet (LO1)
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
$10,000
$200,000
$100,000
$22,000
$17,000
$170,000
Problem 3-3 Balance Sheet (LO1) Construct a balance sheet for Sophie's

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