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 ? The beginning balance of retained earnings was $32,000, net income is budgeted to be $15,700, and dividends are budgeted to be $5,800. Mecca Copy Budgeted Balance Sheet $ 9,600 $ 3,600 $ 41,500 $ 16,800 $ 3,300 $5,000 ? Required: Prepare the company's budgeted balance sheet. Note: Amounts to be deducted should be indicated by a minus sign. Assets

The management of Mecco Copy, a photocopying center located on University Avenue, has complied the following doto to use in preparing its budgeted balance sheet for next year: The beginning balance of retained earnings was $32,000, net income is budgeted to be $15700 and dividends are budgeted to be $5,800 Required: Prepare the companys budgeted bolance sheet Note: Amounts to be deducted should be indicated by a minus sign. The management of Mecco Copy, a photocopying center located on University Avenue, has complied the following doto to use in preparing its budgeted balance sheet for next year: The beginning balance of retained earnings was $32,000, net income is budgeted to be $15700 and dividends are budgeted to be $5,800 Required: Prepare the companys budgeted bolance sheet Note: Amounts to be deducted should be indicated by a minus sign