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 8,800 $ 5,300 37,500 $15,200 $ 2,500 $ 5,000 The beginning balance of retained earnings was S35,000, net income is budgeted to be $19,900, and dividends are budgeted to be S2,900