Gig Harbor Boating is the wholesale distributor of a small recreational catamaran sailboat. Management has prepared the following summary data to use in its annual budgeting process: Budgeted unit sales 849 Selling price per unit $ 2,149 Cost per unit $ 1,?99 Variable selling and administrative expense (per unit) $ 85 Fixed selling and administrative expense {per year) $ 225,999 Interest expense for the year $ 39,999 Required: Prepare the company's budgeted income statement for the year. The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following date to use in preparing its budgeted bolonce sheet for next year: Ending Balances Cash Accounts receivable $ 9,080 Supplies inventory Equipment $ 38,580 Accumulated depreciation $ 15,680 Accounts payable $ 2, 780 Common stock $ 5 086 Retained earnings The beginning balance of retained earnings was $26,000, net income is budgeted to be $15,400, and dividends are budgeted to be $5.400. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be Indicated by a minus sign.) Mecca Copy Budgeted Balance Sheet ABpete Current assets: Total current assets Plant and equipment: Plant and equipment, net Total assets LIabilities and Stockholders Equity Current liabilities: Stockholders' equity: Total stockholders' equity Total liabilities and stockholders' equity