tes The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the...

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tes 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: Cash Accounts receivable Supplies inventory Equipment Ending Balances ? $ 8,700 $ 5,100 $ 37,000 Accumulated depreciation $ 15,000 Accounts payable $ 2,400 $ 5,000 ? Common stock Retained earnings 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.) Mecca Copy Budgeted Balance Sheet Current assets: Assets Total current assets $ 0 Plant and equipment: tes 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: Cash Accounts receivable Supplies inventory Equipment Ending Balances ? $ 8,700 $ 5,100 $ 37,000 Accumulated depreciation $ 15,000 Accounts payable $ 2,400 $ 5,000 ? Common stock Retained earnings 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.) Mecca Copy Budgeted Balance Sheet Current assets: Assets Total current assets $ 0 Plant and equipment: