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 $9,700 Supplies inventory $4,600 Equipment $32,000 Accumulated depreciation $15,300 Accounts payable $1,730 Common stock $5,300 Retained earnings ? The beginning balance of retained earnings was $33,000, net income is budgeted to be $11,000, and dividends are budgeted to be $2,900. Required: Prepare the company's budgeted balance sheet