Mecca Copy, a photocopying center located on University Avenue, provided the following data to prepare a budgeted

balance sheet for next year:

The beginning balance of retained earnings was $$28,000,$ budgeted net income is $$11,500,$ and budgeted dividends

are $$4,800.$

Required:

Prepare the company's budgeted balance sheet.

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