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Exercise 8-9 (Algo) Budgeted Balance Sheet (L08-10] The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year Ending Balances Cash Accounts receivable Supplies Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings 5 10,100 $4,600 $ 44,000 $ 17,800 $ 3,500 $5,000 The beginning balance of retained earnings was $37.000, net income is budgeted to be $21700, and dividends are budgeted to be $4,300 Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Mecca Copy Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Mecca Copy Budgeted Balance Sheet Assets Current assets es Total current assets Plant and equipment Plant and equipment net Total assets Liabilities and Stockholders' Equity Current Site Total current assets Plant and equipment Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Stockholders' equity nices 7 2 Total stockholders' equity Total liabilities and stockholders' equity