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 ? $ 9,400 Cash Accounts receivable Supplies inventory Equipment Accounts payable Common stock Retained earnings $ 3,200 $ 40,500 Accumulated depreciation. $ 16,400 $ 3,100 $ 5,000 ? The beginning balance of retained earnings was $30,000, net income is budgeted to be $20,200, and dividends are budgeted to be $3,300. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Current assets: Total current assets Plant and equipment: Mecca Copy Budgeted Balance Sheet Assets $ 0 Plant and equipment, net 0 Total assets $ 0 Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: Total stockholders' equity 0 Total liabilities and stockholders' equity $ 0