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The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use irn preparing its budgeted balance sheet for next year: Ending Balances Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings $ 9,300 $ 3,000 s 40,000 16,200 $ 3,000 $ 5,000 The beginning balance of retained earnings was $29.000, net income is budgeted to be $19,000, and dividends are budgeted to be $5,600 Required Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) 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: Total current assets 0 Plant and equipment: Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity