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 The beginning balance of retained earnings was $33,000, budgeted net income is $17,500, and budgeted dividends are $3,300. Current assets: Ending Balances ? Required: Prepare the company's budgeted balance sheet. Note: Amounts to be deducted should be indicated by a minus sign. Mecca Copy Budgeted Balance Sheet $ 8,600 $ 4,900 $ 36,500 $ 14,800 $ 2,300 $ 5,000 ? Assets

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 $33,000, budgeted net income is $17,500, and budgeted dividends are $3,300. Required: Prepare the company's budgeted balance sheet. Note: Amounts to be deducted should be indicated by a minus sign. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ Assets } & & \\ \hline Current assets: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total current assets & & \\ \hline Plant and equipment: & & \\ \hline & & \\ \hline Plant and equipment, net & & \\ \hline Total assets & & \\ \hline Liabilities and Stockholders' Equity & & \\ \hline Current liabilities: & & \\ \hline & & \\ \hline Stockholders' equity: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total stockholders' equity & & \\ \hline \end{tabular}