Soved 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: Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances ? $ 3,500 $ 4,700 $36.000 $ 14,600 $ 2,200 $ 5,000 2 The beginning balance of retained earnings was $32,000, net income is budgeted to be $16,300, and dividends are budgeted to be $2.700. 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 Cash S 18.200 Accounts receivable 8,500 Supplies inventory 4,600 $ 31,300 Total current assets Plant and equipment Beginning merchandise inventory 0 31,300 $ Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Stockholders' equity Common stock $ Beginning merchandise inventory S 2 200 5,000 32.000 Total stockholders' equity Total liabilities and stockholders' equity 37.000 39.200 5