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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

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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 $ $ $ 8,600 4,900 36,500 14,800 2,300 5,000 The beginning balance of retained earnings was $33,000, net income is budgeted to be $17.500, and dividends are budgeted to be $3,300. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be Indicated by a minus sign.) Mecca Copy E y Budgeted Balance Sheet - Assets Current assets: ALAMA 1 $ Total current assets Plant and equipment o s o Plant and equipment net Total assets Liabilities and Stockholders' Equity Current liabilities Stockholders' equity. Total stockholders' equity Total liabilities and stockholders' equity

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