Exercise 8-9 (Algo) Budgeted Balance Sheet (LO8-10) Cash The management of Mecca Copy, a photocopying center located on University Avenue, has complled the following data to use in preparing its budgeted batance sheet for next year: Ending Balancen Accounts receivable $ 8,300 Supplies inventory $ 3,200 Equipment $ 35,000 Accumulated depreciation $ 14,200 Accounts payable $ 2.000 Common stock $5,000 Retained earnings 2 The beginning balance of retained earnings was $30,000, net Income is budgeted to be $13,900, and dividends are budgeted to be $3,100 Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) 9 Mocca Copy Budgeted Balance Sheet Assets Current assets: 48 olnts eBook Hint Print Total current assets Plant and equipment: References Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity