Exercise $8-9($Algo$)$ Budgeted Balance Sheet $[$LO$8-10]$

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

preparing its budgeted balance sheet for next year:

The beginning balance of retained earnings was $$31,000,$ net income is budgeted to be $$15,100,$ and dividend

$$5,000.$

Required:

Prepare the company's budgeted balance sheet. $($Amounts to be deducted should be indicated by a minus