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Mecca Copy, a photocopying center located on University Avenue, provided the following data to prepare a budgeted balance sheet for next year: Ending Balances Cash

Mecca Copy, a photocopying center located on University Avenue, provided the following data to prepare a budgeted balance sheet for next year:

Ending Balances
Cash ?question mark
Accounts receivable $ 8,200
Supplies inventory $ 3,200
Equipment $ 34,500
Accumulated depreciation $ 14,000
Accounts payable $ 1,900
Common stock $ 5,000
Retained earnings ?question mark

The beginning balance of retained earnings was $29,000, budgeted net income is $12,700, and budgeted dividends are $2,500.

Required:

Prepare the companys budgeted balance sheet.

Note: Amounts to be deducted should be indicated by a minus sign.

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