Mecca Copy, a photocopying center located on University Avenue, provided the following data to prepare a budgeted balance sheet for next year:

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The beginning balance of retained earnings was $$29,000,$ budgeted net income is $$12,700,$ and budgeted dividends are $$2,500.$

Required:

Prepare the company's budgeted balance sheet.

Note: Amounts to be deducted should be indicated by a minus sign.