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 companys 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 Total assets 0 0 and Stockholders Equity Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 0 0