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Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation. Accounts payable Common stock Retained earnings Ending Balances ? $ 8,500 $ 4,700 $ 36,000 $ 14,600

Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation. Accounts payable Common stock Retained earnings Ending Balances ? $ 8,500 $ 4,700 $ 36,000 $ 14,600 $ 2,200 $ 5,000 ? The beginning balance of retained earnings was $32,000, net income is budgeted to be $16,300, and dividends are budgeted to be $2,700. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Budgeted Balance Sheet Current assets: Assets Total current assets Plant and equipment Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Stockholders' equity: Total stockholders' equity Total liabilities and stockholders' equity

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