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 ? $ 9,400 $ 3,200 $ 40,500 $ 16,400 $ 3, 100 $ 5,000 ? The beginning balance of retained earnings was $30,000, net income is budgeted to be $20,200, and dividends are budgeted to be $3,300. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Mecca Copy Budgeted Balance Sheet Assets Current assets. Cash $ Accounts receivable 18,300 9,400 3,200 Supplies inventory Total current assets $ 30,900 24,100 55,000 $ Plant and equipment: Equipment 40,500 Accumulated depreciation (16,400) Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Stockholders' equity. Common stock $ 5,000 Retained earnings 30,000 $ 3,100 Total stockholders' equity Total liabilities and stockholders' equity 35,000 38,100 $