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 Supplies inventory Equipment ? $ 8,800 $ 5,300 $ 37,500 Accumulated depreciation $ 15,200 $ 2,500 Accounts payable Common stock Retained earnings $ 5,000 ? The beginning balance of retained earnings was $35,000, net income is budgeted to be $19,900, and dividends are budgeted to be $2,900.