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Construct a balance sheet for Sophies Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.) Cash

Construct a balance sheet for Sophies Sofas given the following data. (Be sure to list the assets and liabilities in order of their liquidity.)

Cash balances = $ 9,500
Inventory of sofas = $ 195,000
Store and property = $ 95,000
Accounts receivable = $ 21,500
Accounts payable = $ 16,500
Long-term debt = $ 165,000

BALANCE SHEET OF SOPHIES SOFAS
Assets Liabilities & Shareholders Equity
(Click to select) Shareholders equity Inventory Accounts payable Cash Long-term debt Store & property Accounts receivable $ (Click to select) Accounts receivable Accounts payable Inventory Store & property Long-term debt Cash Shareholders equity $
(Click to select) Inventory Accounts receivable Long-term debt Store & property Cash Accounts payable Shareholders equity (Click to select) Cash Long-term debt Shareholders equity Accounts payable Accounts receivable Inventory Store & property
(Click to select) Accounts receivable Store & property Long-term debt Accounts payable Cash Inventory Shareholders equity (Click to select) Accounts receivable Long-term debt Shareholders equity Accounts payable Cash Inventory Store & property
(Click to select) Long-term debt Shareholders equity Accounts receivable Accounts payable Store & property Inventory Cash
Total assets $ Total liabilities & Shareholders' equity $

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