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The management of 'Stationaries R us', a photocopying center located on Midland Avenue, has compiled...

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Accounting

The management of 'Stationaries R us', a photocopying center located on Midland Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year:

Ending Balance

Cash

Accounts receivable

Supplies Inventory

Equipment

Accumulated depreciation

Common stock

Retained earnings

$15,000

$7,900

$3,000

$16,000

$1,400

$5,000

The beginning balance of retained earnings was $32.000. net income is budgeted to be $17.000. and dividends are budgeted to be $7,800. Prepare the company's budgeted balance sheet.

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