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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 Ending Balances 2 $ 9,000 $ 2,400 Supplies inventory Equipment $ 38,500 Accumulated depreciation $ 15,600 Accounts payable $ 2,700 $ 5,000 ? Common stock Retained earnings The beginning balance of retained earnings was $26,000, net income is budgeted to be $15,400, and dividends are budgeted to be $5,400. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) ok t Current assets: Mecca Copy Budgeted Balance Sheet Assets nt Total current assets ences Plant and equipment: Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: Total stockholders' equity Total liabilities and stockholders' equity

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