Check my 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. Ending Balances look Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings $ 8,100 $ 3,200 $ 34,000 $ 16,000 $ 1,800 $ 5,000 Print Herences The beginning balance of retained earnings was $28.000, net income is budgeted to be $11500, and dividends are budgeted to be $4,800 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 MC Mecca Copy Budgeted Balance Sheet Assets Current assets Cash $ Accounts receivable Supplies inventory Equipment Accumulated depreciation Total current assets Plant and equipment Accounts payable Common stock Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: 21,800 8,100 3,200 34,000 (16,000) $ 51,100 1,800 5,000 6,800 57,900 $ Total current assets $ 51,100 1,800 5,000 Plant and equipment: Accounts payable Common stock Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: 6,800 57,900 $ Stockholders' equity: 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0