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Q2 B (20 Marks) Construct a Balance Sheet for Sanders Inc. given the following data. What is the share holders equity? Cash Balance - $10,000

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Q2 B (20 Marks) Construct a Balance Sheet for Sanders Inc. given the following data. What is the share holders equity? Cash Balance - $10,000 Inventory of Sofas - $200,000 Store & Property - $100,000 Accounts Receivables - $22,000 Accounts Payables - $17,000 Long Term Debt - $170,000 If Common Shares are valued at $100,000 what is the Retained Earnings

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