5. The management of Mecca Copy, a photocopying center located on University Avenue, has companied the following data to use in preparing its budged balance sheet for next year. Cash Ending Account Receivable Balance ? Supplies inventory $ 4,050 Equipment $ 1,600 Accumulated Depreciation $ 17,000 Account Payable $ 8,000 Common Stock $ 900 Retained Earnings $ 2,500 ? The beginning balance of retained earnings was $ 14,000, net income is budgeted to be $ 5,750 and dividends are budgeted to be $ 2,400. Required: Prepare the company's budgeted balance sheet. 5. The management of Mecca Copy, a photocopying center located on University Avenue, has companied the following data to use in preparing its budged balance sheet for next year. Cash Ending Account Receivable Balance ? Supplies inventory $ 4,050 Equipment $ 1,600 Accumulated Depreciation $ 17,000 Account Payable $ 8,000 Common Stock $ 900 Retained Earnings $ 2,500 ? The beginning balance of retained earnings was $ 14,000, net income is budgeted to be $ 5,750 and dividends are budgeted to be $ 2,400. Required: Prepare the company's budgeted balance sheet