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	$ 9,200
Supplies inventory	$ 2,800
Equipment	$ 39,500
Accumulated depreciation	$ 16,000
Accounts payable	$ 2,900
Common stock	$ 5,000
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.

Required:

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