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Mecca Copy, a photocopying center located on University Avenue, provided the following data...

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Accounting

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 $ 8,100
Supplies inventory $ 3,200
Equipment $ 34,000
Accumulated depreciation $ 16,000
Accounts payable $ 1,800
Common stock $ 5,000
Retained earnings ?question mark
The beginning balance of retained earnings was $28,000, budgeted net income is $11,500, and budgeted dividends are $4,800.
Required:
Prepare the companys budgeted balance sheet.
Note: Amounts to be deducted should be indicated by a minus sign.

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