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	$ 10,000
Supplies inventory	$ 4,400
Equipment	$ 43,500
Accumulated depreciation	$ 17,600
Accounts payable	$ 3,700
Common stock	$ 5,000
Retained earnings	?

The beginning balance of retained earnings was $36,000, net income is budgeted to be $20,500, and dividends are budgeted to be $3,700.

Required:

Prepare the companys budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.)