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	$	9,500
Supplies inventory	$	3,400
Equipment	$	41,000
Accumulated depreciation	$	16,600
Accounts payable	$	3,200
Common stock	$	5,000
Retained earnings		?

The beginning balance of retained earnings was $31,000, net income is budgeted to be $21,400, and dividends are budgeted to be $3,900.

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: $ 0 Total current assets Plant and equipment: 0 $ 0 Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0