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: Cash Accounts receivable Ending Balances $ 9,600 $ 3,600 Supplies inventory Equipment $ 41,500 Accumulated depreciation $ 16,800 Accounts payable $ 3,300 Common stock Retained earnings $ 5,000 ? The beginning balance of retained earnings was $32,000, net income is budgeted to be $15,700, and dividends are budgeted to be $5,800. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.)