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 $ 9,300 Supplies inventory $ 3,000 Equipment $ 40,000 Accumulated depreciation $ 16,200 Accounts payable $ 3,000 Common stock $ 5,000 Retained earnings ? The beginning balance of retained earnings was $29,000, net income is budgeted to be $19,000, and dividends are budgeted to be $5,600.

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