Exercise 8-9 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	$	9,400
Supplies inventory	$	3,200
Equipment	$	40,500
Accumulated depreciation	$	16,400
Accounts payable	$	3,100
Common stock	$	5,000
Retained earnings		?

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 companys budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.)