9 05 points 012947 Exercise 8-9 (Algo) 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: Cash Ending Balances ? eBook- Het References Accounts receivable Supplies inventory Equipeent Accumulated depreciation Accounts payable Common stock Retained earnings $9,700 $3,800 $ 42,000 $17,000 $3,400 $ 5,000 The beginning balance of retained earnings was $33,000, net income is budgeted to be $16.900, and dividends are budgeted to be $3,500. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.)