The management of Classic Copy, a photocopying centre located on College Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: Ending Balances Cash ? Accounts receivable $ 9,000 Supplies inventory 3,000 Equipment 34,000 Accumulated depreciation 16,000 Accounts payable 2,000 Common shares 5,000 Retained earnings ? The beginning balance of retained earnings was $28,000, net income is budgeted to be $12,000, and dividends are budgeted to be $5,000. Required: Prepare the companys budgeted balance sheet. (Amounts to be deducted should be indicated with minus sign.) PrevQuestion 3 of 4 Total3 of 4Visit question mapNext