. inces 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 $8,900 $ 5,500 $ 38,000 Accumulated depreciation Accounts payable Common stock Retained earnings $ 15,400 $2,600 $5,000 The beginning balance of retained earnings was $25,000, net income is budgeted to be $21,100, and dividends are budgeted to be $3,500 Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Current assets Cash Accounts receivable Mecca Copy Budgeted Balance Sheet Assets Supplies inventory Total current assets Plant and equipment Equipment Plant and equipment, net Total assets Current Sabides Liabilities and Stockholders' Equity Accounts payable Stockholders equity Common stock Retained eamings S 0 10 Total stockholders' equity Total abilities and stockholders' equity S