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The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use In preparing its budgeted balance

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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: Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances ? $ 9,100 $ 2,600 $ 39,000 $ 15,800 $ 2,800 $ 5,000 ? The beginning balance of retained earnings was $27,000, net Income is budgeted to be $16,600, and dividends are budgeted to be $3,100. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Mecca Copy Budgeted Balance Sheet Current assets: Total current assets Plant and equipment: Plant and equipment, net Total assets Current liabilities: Assets Liabilities and Stockholders' Equity Stockholders' equity: Total stockholders' equity Total liabilities and stockholders' equity

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