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 7 $ 8,200 $3,200 $ 34,500 $ 14,000 $1,900 $5,000 The beginning balance of retained earnings was $29,000, net income is budgeted to be $12,700, and dividends are budgeted to be $2,500 Current assets: Mecca Copy Budgeted Balance Sheet Assets Total current assets 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