The management of Mecca Copy, a photocopying centre located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year:

                                                                                  Ending Balances

Cash....................................................................................................?
Accounts receivable...............................................................$ 8,100
Supplies inventory.....................................................................3,200
Equipment................................................................................34,000
Accumulated depreciation.....................................................16,000
Accounts payable......................................................................1,800
Common shares........................................................................5,000
Retained earnings.............................................................................?

The beginning balance of retained earnings was $28,000, net income is budgeted to be $11,500, and dividends are budgeted to be $4,800.

Required:

Prepare the company’s budgeted balance sheet.