ControlExercise $8-9($Algo$)$ Budgeted Balance Sheet $[$LO$8-10]$

Mecca Copy, a photocopying center located on University Avenue, provided the following data to prepare a budgeted balance sheet for next year:

Ending Balances

Cash $?$question mark

Accounts receivable $ $8,300$

Supplies inventory $ $3,200$

Equipment $ $35,000$

Accumulated depreciation $ $14,200$

Accounts payable $ $2,000$

Common stock $ $5,000$

Retained earnings $?$question mark

The beginning balance of retained earnings was $$30,000,$ budgeted net income is $$13,900,$ and budgeted dividends are $$3,100.$

Required:

Prepare the company$$s budgeted balance sheet.