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 $ 8,700 supplies inventory $ 5,100 equipment $ 37,000 accumulated depreciation $ 15,000 accounts payable $ 2,400 common stock $ 5,000 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.