### Purpose the company budgeted balance sheet

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Prepare the company's budgeted balance sheet.

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 ? 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 ?

The beginning balance of retained earnings was \$28,000, net income is butgeted to be \$11,500, and dividends are butgeted to be \$4,800.

Required:

Purpose the company budgeted balance sheet.

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