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 Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings $ 3,900 $ 5,500 $ 30,000 5415,000 52.600 $ 5.000 The beginning balance of retained earrings was $25 000, net income is budgeted to be 521100 and dividends are budgeted to be 53.500 The beginning balance of retained earnings was $25,000, net income is budgeted to be $21100, and dividends are budgeted to be $3,500 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 Supplies inventory Direct labor $ 0 Total current scots Plant and equipment Equipment $ 0 Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 0 $ 0