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Problem 3-3 Balance Sheet (LO1) Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. Cash balances $ 6,090 Inventory of

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Problem 3-3 Balance Sheet (LO1) Construct a balance sheet for Sophie's Sofas given the following data, including shareholders' equity. Cash balances $ 6,090 Inventory of sofas $160, 000 Store and property = $ 60, 090 Accounts receivable = $ 18, 090 Accounts payable $ 13, 000 Long-term debt $130, 090 BALANCE SHEET OF SOPHIE'S SOFAS Assets Liabilities & Shareholders' Equity Total assets Total liabilities & shareholders' equity

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