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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

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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: Ending Balances Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Betained earnings The beginning balance of retained earnings was $37,000, net income is budgeted to be $2000, and dividends are budgeted to be $4.300 Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign) Mecca Copy Budgeted Balance Sheet

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