The management of Mecca Copy, a photocopylng center located on University Avenue, has complled the following data to use In preparing ts budgeted balance sheet for next year: Ending Balances Cash Accounts receivable supplies inuentory Equipment Accumulated depreciation Accournts payable Common stock Retained earnings $ 8,480 $4, 588 $ 35,588 $ 14,48e $ 2,180 The beginning balance of retalned earnings was $31,000, net Income Is budgeted to be $15.100, and dividends are budgeted to be $5.000 Requlred: Prepare the company's budgeted balance sheet. Amounts to be deducted should be Indkated by a mlnus sign