Exercise 7-9 Budgeted Balance Sheet [LO7-10] 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: Ending Balances Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings $ 8,400 $ 4,500 $ 35,500 $14,400 $ 2,100 $ 5,000 The beginning balance of retained earnings was $31,000, net income is budgeted to be $15,100, and dividends are budgeted to be $5,000 Required Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.)