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	$ 9,700
Supplies inventory	$ 3,800
Equipment	$ 42,000
Accumulated depreciation	$ 17,000
Accounts payable	$ 3,400
Common stock	$ 5,000
Retained earnings	?

The beginning balance of retained earnings was $33,000, net income is budgeted to be $16,900, and dividends are budgeted to be $3,500.

\begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Budgeted Balance Sheet } \\ \hline Assets & & \\ \hline Current assets: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total current assets & & \\ \hline Plant and equipment: & & \\ \hline & & \\ \hline & & \\ \hline Plant and equipment, net & & \\ \hline Total assets & & \\ \hline \multicolumn{1}{|c|}{ Liabilities and Stockholders' Equity } & \\ \hline Current liabilities: & & \\ \hline \end{tabular}