Construct a balance sheet for Sophie's Sofas given the following data. What is shareholders' equity? Cash balances = $10,000 Inventory of sofas = $200,000 Store and property = $100,000 Accounts receivable = $22,000 Accounts payable = $17,000 Long-term debt = $170,000
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Home » Business » Construct a balance sheet for Sophie's Sofas given the following data. What is shareholders' equity? Cash balances = $10,000 Inventory of sofas = $200,000 Store and property = $100,000 Accounts receivable = $22,000 Accounts payable =