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	$	9,600
Supplies inventory	$	3,600
Equipment	$	41,500
Accumulated depreciation	$	16,800
Accounts payable	$	3,300
Common stock	$	5,000
Retained earnings		?

The beginning balance of retained earnings was $32,000, net income is budgeted to be $15,700, and dividends are budgeted to be $5,800.

Required:

Prepare the companys budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.)

	Mecca Copy
	Budgeted Balance Sheet
	Assets
	Current Assets
	Cash
	Accounts Receivable
	Supplies Inventory
	Total Current Assets.
	Plant and equipment
	Equipment
	Accumulated depreciation
	Plant and equipment net
	Total Assets
	Liabilities and Stockholder's Equity
	Current Liabilities
	Accounts payable
	Stockholders' Equity
	Common Stock
	Retained Earnings
	Total Stockholders' equity
	Total Liabilities and Stockholder's Equity
Working
	Retained Earnings
	Beginning Balance
	Add:Net Income
	Less: Dividend
	Ending Balance
Note: Cash is the balancing figure of Total liabilities and stockholders'equity
less Plant and equipment net and other current assets