Problem 3-3 Balance Sheet (LO1) Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. hits eBook Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt $ 10,500 $285,000 - $105,000 $ 22,500 $ 17,500 $175,000 BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity Assets Total assets Total liabilities & shareholders' equity