What is shareholders equity

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Reference no: EM131222071

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

Reference no: EM131222071

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