3 Construct a balance sheet for Sophie's Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.) 05.06 Cash balances $ 7,000 Inventory of sofas 170,000 Store and property = $ 70,000 Accounts receivable $ 19,000 Accounts payable $ 14,000 Long-term debt $ 140,000 Assets Click to select) Click to select) Click to select) Click to select BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity Click to select) Click to select) (Click to select) Total assets Total liabilities & shareholders' equity 3 Construct a balance sheet for Sophie's Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.) 8 01:53:20 $ 7,000 170,000 Cash balances Inventory of sofas Store and property Accounts receivable Accounts payable Long-term debt $ 70,000 $ 19,000 $ 14,000 = $ 140,000 BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity (Click to select) (Click to select) (Click to select) Assets (Click to select) (Click to select) (Click to select) Cash Inventory Long-term debt Shareholders' equity Store and property Accounts payable Accounts receivable Total liabilities & shareholders' equity 3 Construct a balance sheet for Sophie's Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.) 01:52:56 Cash balances $ 7,000 Inventory of sofas - $ 170,000 Store and property - $ 70,000 Accounts receivable $ 19,000 Accounts payable - $ 14,000 Long-term debt - $ 140,000 Assets Click to select Click to select Click to select Click to select Total assets BALANCE SHEET OF SOPHIE'S SOFAS Llabilities & Shareholders' Equity Click to select Click to select) Click to select) Long-term debt Accounts receivable Jers' equity Inventory Accounts payable Store and property Shareholders' equity Cash