8 Exercise 8-9 Budgeted Balance Sheet (LO8-10] The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: 12 points 02-12.50 Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Como took Retained earning Ending Malances 2 $9.600 3.600 41,500 $ 16,800 $3,300 65,000 too Hint References The beginning balance of retained earnings was $32,000, net income is budgeted to be $15,700, and dividends are budgeted to be $5,800 Required: Prepare the company's budgeted balance sheet (Amounts to be deducted should be Indicated by a minus sign.) Mecca Copy Budgeted Balance Sheet Assets Current assets 8 Mecca Copy Budgeted Balance Sheet Assets Current assets: 12 polnts 2 02:12:35 Total current assets Plant and equipment: eBook Hint References Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity