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 $ $8,500$

Supplies inventory $ $4,700$

Equipment $ $36,000$

Accumulated depreciation $ $14,600$

Accounts payable $ $2,200$

Common stock $ $5,000$

Retained earnings $?$question mark

The beginning balance of retained earnings was $$32,000,$ budgeted net income is $$16,300,$ and budgeted dividends are $$2,700.$

Required:

Prepare the companys budgeted balance sheet.

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