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5. Company C has compiled the foiiowing data to use in preparing its budgeted balance sheet for next year. Cash Accounts receivable $6.500 Supplies inventory

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5. Company C has compiled the foiiowing data to use in preparing its budgeted balance sheet for next year. Cash Accounts receivable $6.500 Supplies inventory S2,100 Equipment $9,000 Accumulated depreciation Accounts payable Ordinary shares Retained earnings $4.000 $28.000 The beginning balance of retained carnings was S21,000, net income is budgeted to be $8,600, and dividends are budgeted to be $3,500. Prepare the company's budgeted balance sheet

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