Mecca Copy, a photocopying center located on University Avenue, provided the following data to prepare a budgeted balance sheet for next year. Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances ? Mecca Copy Budgeted Balance Sheet $ 8,500 $ 4,700 $ 36,000 $ 14,600 The beginning balance of retained earnings was $32,000, budgeted net income is $16,300, and budgeted dividends are $2,700. Assets $ 2,200 $ 5,000 ? Required: Prepare the company's budgeted balance sheet. Note: Amounts to be deducted should be indicated by a minus sign.

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 eamings was $32,000, budgeted net income is $16,300, and budgeted dividends are $2,700 Required: Prepare the company's budgeted balance sheet: Note: Amounts to be deducted should be indicoted by a minus sign. The beginning balance of retained eamings was $32,000, budgeted net income is $16,300, and budgeted dividends ate $2700 Required: Prepare the company's budgeted balance sheet. Prequired Note: Amounts to be deducted should be indicoted by a minus sign