ad Help Save & Ex Subur 7 Check my work Exercise 8-9 (Algo) Budgeted Balance Sheet [LO8-10) 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 2 Accounts receivable $10,000 Supplies Inventory $6,000 Equipment 143.500 Accumulated depreciation $ 17,600 Accounts payable $ 3,700 Common stock $5,000 Retained earnings The beginning balance of retained eamings was $36.000, net income is budgeted to be $20.500, and dividends are budgeted to be $3700 Required: Prepare the company's budgeted balance sheet (Amounts to be deducted should be indicated by a minus sign.) Hint The beginning balance of retained earnings was $36,000, net income is budgeted to be $20,500, and dividends are budgeted to be $3,700. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) rences Copy Budgeted Balance Sheet Assets Current assets Total current assets Plant and equipment 7 Total current assets Plant and equipment 1 points Hint Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities References Stockholders' equity Total stockholders equity Total abilities and stockholders equity