Balance Sheet. Construct a balance sheet for Sophie's Sofas given the following data. What is shareholders' equity? (LO3-1) Cash balances = $10,000 %3D Inventory of sofas = $200,000 Store and property $100,000 Accounts receivable $22,000 Accounts payable = $17,000 %3D %3D %3D Long-term debt = $170,000

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