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 ? $ 8,200 Supplies inventory $ 3,200 Equipment $ 34,500 Accumulated depreciation $ 14,000 Accounts payable $ 1,900 $ 5,000 ? Common stock Retained earnings 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.