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

The beginning balance of retained earnings was $$26,000,$ budgeted net income is $$15,400,$ and budgeted dividends are $$5,400.$

Required:

Prepare the company's budgeted balance sheet.

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

$\backslash$table$[[$Mecca Copy,,$],[$Assets$,,],[$Current assets:,,$],[,,],[,,],[$Total current assets,,$],[$Plant and equipment:,,$],[,,],[$Plant and equipment, net,,$],[$Total assets,,$],[,,],[$Current liabilities:,,$],[,,],[$Stockholders$\text{'}$ equity:,,$],[,,],[,,],[,,],[,,],[,,]]$ 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 $ $9,000$

Supplies inventory $ $2,400$

Equipment $ $38,500$

Accumulated depreciation $ $15,600$

Accounts payable $ $2,700$

Common stock $ $5,000$

Retained earnings $?$question mark

The beginning balance of retained earnings was $$26,000,$ budgeted net income is $$15,400,$ and budgeted dividends are $$5,400.$

Required:

Prepare the company$$s budgeted balance sheet.