Check my work Exercise 8-9 (Algo) Budgeted Balance Sheet (L08-10] 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 Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retoined camnings Ending Balances 7 $8.800 $5,300 5 37,500 $ 15,200 $ 2,500 $ 5.000 The beginning balance of retained earnings was $35.000, net income is budgeted to be $19.900, and dividends are budgeted to be $2.900 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 24 Mecca Cup Bugeted Halance Sheet Assets 04 pas Current assets 22:26 clou S 0 Totalcumentais Plant and equipment $ Plant and equipment net Total Liabilities and Stockholders' Equity Current Rabies Stockholdersuit 0 Total stockholders' equity Total abilities and stockholders equity