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 Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings $ 9,800 $ 4,000 542,500 $17,200 $ 3,500 $ 5,000 The beginning balance of retained earnings was $34,000, net income is budgeted to be $18100 and dividends are budgeted to be $4,100 Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) 9 Mecca Copy Budgeted Balance Sheet Assets 10 points Current assets 8 02:25:38 eBook Hint Total current assets Plant and equipment Print References Plant and equipment net Total assets Liabilities and Stockholders' Equity Current liabilities Stockholders' equity Total stockholders equity Total liabilities and stockholders equity