Exercise 8-9 Budgeted Balance Sheet (L08-10] 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 Canh 2 Accounts receivable $ 9,300 Supplies inventory $3,000 Equipment $ 40,000 Accumulated depreciation $ 16,200 Accounts payable $ 3.000 Common stock $ 5,000 Retained earnings 2 The beginning balance of retained earnings was $29,000, net income is budgeted to be $19,000, and dividends are budgeted to be $5,600 Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign) Mecca Copy Budgeted Balance Sheet Assets Current assets: Total current assets Plant and equipment: $ 0 0 $ Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: 0 Stockholders' equity: 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0