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 $ 8,100 Supplies Inventory $3,200 Equipment $34,000 Accumulated depreciation $ 16,000 Accounts payable $ 1.800 Common stock $5,000 Retained earnings ? The beginning balance of retained earnings was $28.000, net income is budgeted to be $11.500, and dividends are budgeted to be $4.800. Required: Prepare the company's budgeted balance sheet: (Amounts to be deducted should be Indicated by a minus slgn.) Mecca Copy Budgeted Balance Sheet Budgeled Balance Sheet Assets Current assets: ped sook Hint ca 0 Total current assets Print Plant and equipment: erences 0 0 Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: Total stockholders equity Total abilities and stockholders equity S Pre