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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: Cash Accounts receivable Supplies Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Ending Balances 12 $ 9,500 $ 3,400 $ 41,000 $ 16,600 $ 3,200 5 5,000 ? 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. Mecca Copy Budgeted Balance Sheet Assets Current assets Total current assets Plant and equipment: Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Stockholders' equity: Total stockholders' equity Total liabilities and stockholders' equity Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.)

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