Exercise 8-9 (Algo) Budgeted Balance Sheet [LO8-10] 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 ? $ 9,200 Supplies inventory $ 2,800 Equipment $ 39,500 Accumulated depreciation $ 16,000 Accounts payable $ 2,900 $ 5,000 Common stock Retained earnings The beginning balance of retained earnings was $28,000, net income is budgeted to be $17,800, and dividends are budgeted to be $3,700. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by o minus sign.) Mecca Copy Budgeted Balance Sheet Apente Current assets: Mecca Copy Budgeted Balance Sheet Assets Total current assets Plant and equipment: Plant and equipment, net Total assets Current liabilities: Liabilities and Stockholders' Equity Stockholders' equity: 69 $ $ FA 0 0 0 Stockholders' equity: Total stockholders' equity Total liabilities and stockholders' equity EA $ 0 0