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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 ? $ 8,500 Supplies inventory $ 4,700 Equipment $ 36,000 Accumulated depreciation $ 14,600 Accounts payable $ 2,200 $ 5,000 ? Common stock Retained earnings The beginning balance of retained earnings was $32,000, net income is budgeted to be $16,300, and dividends are budgeted to be $2,700. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Mecca Copy Budgeted Balance Sheet. Assets Current assets:

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