The Michael Brantley Corporation has provided the following data for preparing its budgeted balance sheet for next year. Ending Balances Cash Accounts receivable Supplies inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings $ 8,700 $ 5,100 $ 37,000 $ 15,000 $ 2,400 $ 5,000 The beginning balance of retained earnings was $34,000, net income is budgeted to be $18,700, and dividends are budgeted to be $5,200. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) Michael Brantley Corporation Budgeted Balance Sheet Assets Current assets: Total current assets Plant and equipment: Saved Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by Michael Brantley Corporation Budgeted Balance Sheet Assets Current assets: Total current assets Plant and equipment: OO Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Stockholders' equity: Total stockholders' equity Total liabilities and stockholders' equity au 15 22 !! Next >