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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

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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 $ 8,500 $185,800 $ 85,000 $ 20,500 $ 15,500 $155,000 BALANCE SHEET OF SOPHIE'S SOFAS Liabilities & Shareholders' Equity Assets $ S O Total liabilities & shareholders' equity 0 Total assets

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