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: CashRI Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings The beginning balance of retained earnings was $28,000, net income is budgeted to be $17,800, and dividends are budgeted to be $3,700. Current assets. Cash Required: Prepare the company's budgeted balance sheet. Note: Amounts to be deducted should be indicated by a minus sign. Assets Accounts receivable Supplies inventory BIRY Ending Balances 2 Mecca Copy Budgeted Balance Sheet Total current assets Plant and equipment $ 9,200 $ 2,800 $ 39,500 $ 16,000 $ 2,900 $ 5,000 ? 19 $ 0

The management of Mecca Copy, a photocopying center located on University Avenue, has compled the following data to use in preparing its budgeted batance sheet for nextyear The beginning balance of retained camings was $28,000. net income is budgeted to be $17,800, and dividends are budgeted to be $3700. Required: Prepare the companys budgeted balance sheet Note: Amounts to be deducted should be indicoted by o minus sign. Note: Amounts to be deducted should be indicated by a minus sign