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 8,700 Supplies inventory 5,100 37,000 Equipment Accumulated depreciation 15,000 2,400 Accounts payable 5,000 Common stock Retained earnings The beginning balance of retained earnings was $34,000, net income is budgeted to be $18,700, and dividends are budgeted to be $5,200