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: NOT SURE WHAT I DID INCORRECT, PLEASE ASSIST.

	Ending Balances
Cash		?
Accounts receivable	$	9,900
Supplies inventory	$	4,200
Equipment	$	43,000
Accumulated depreciation	$	17,400
Accounts payable	$	3,600
Common stock	$	5,000
Retained earnings		?

The beginning balance of retained earnings was $35,000, net income is budgeted to be $19,300, and dividends are budgeted to be $6,000.

Required:

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

Mecca Copy
Budgeted Balance Sheet
Assets
Current assets:
Cash	$17,600
Accounts receivable	9,900
Supplies inventory	4,200
Total current assets		$31,700
Plant and equipment:
Equipment	43,000
	17,400
Plant and equipment, net		60,400
Total assets		$92,100
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable		$3,600
Stockholders' equity:
Common stock	$5,000
Retained earnings	48,300
Total stockholders' equity		53,300
Total liabilities and stockholders' equity		$56,900