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 2 $ 9,900 54,200 $ 43,000 $ 17,400 $ 3,600 $ 5,000 The beginning balance of retained earnings was $35.000, net income is budgeted to be $19,300, and dividends are budgeted to be $6,000 Mecca Copy Budgeted Balance Sheet Assets Current assets: Cash Accounts receivable 9,900 4,200 Supplies inventory S 14,100 Total current assets Plant and equipment: Equipment 43,000 43,000 57.100 S Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Stockholders' equity: Common stock Retained earnings 69 3.600 S 5.000 Total stockholders' equity Total liabilities and stockholders' equity 5.000 8.600 s