The management of Truth in Copy, a photocopying centre 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	$	8,100
Supplies inventory		3,200
Equipment		34,000
Accumulated depreciation		16,000
Accounts payable		1,800
Common shares		5,000
Retained earnings		?

The beginning balance of retained earnings was $28,000, net income is budgeted to be $11,500, and dividends are budgeted to be $4,800.

Required:

Prepare the companys budgeted balance sheet. (Amounts to be deducted should be indicated with minus sign.)