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 Laventary Equipment Neemulated depreciation Accounts payable Common stock Tatained in Thing Balance 2 $ 0,100 53,200 $ 34.000 $ 16,000 # 1.800 $ 5.000 The beginning balance of retained earnings was $28.000, net income is budgeted to be $11,500, and dividends are budgeted to be $4,800. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a mnus sign.) Prepare the company's budgeted balance sheet. (Amounts to be ded Mecca Copy Budgeted Balance Sheet Assets Current 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