Sulima Homework #7 Help Exercise 8-9 (Algo) Budgeted Balance Sheet (L08-10] 12 0.66 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 7 Accounts receivable 5 8.700 Supplies inventory $ 5,100 Equipment $ 37,000 Acculated depreciation $ 15,000 Accounts payable $ 2,400 Conon stock 5 5,00 Retained earnings ferences The beginning balance of retained earnings was $34,000, net income is budgeted to be $18,700, and dividends are budgeted to be $5,200. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign) Mecca Ceny Budgeted Balance Sheet Assets Current as Requirea: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) 12 Mecca Copy Budgeted Balance Sheet Assets Current assets 0.66 points oBook $ 0 Total current assets Plant and equipment References 0 $ 0 Plant and equipment.net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0