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 $ 8,600 Supplies inventory $ 4,900 Equipment $ 36,500 Accumulated depreciation $ 14,800 Accounts payable $ 2,300 Common stock $ 5,000 Retained earnings ? The beginning balance of retained earnings was $33,000, net income is budgeted to be $17,500, and dividends are budgeted to be $3,300. Required: Prepare the companys budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) PrevQuestion 9 of 10 Total