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

$\backslash$table$[[,$Ending$],[$Balances$,]]$

The beginning balance of retained earnings was $$30,000,$ budgeted net Income is $$13,900,$ and budgeted dividends are $$3,100.$

Requlred:

Prepare the company's budgeted balance sheet.

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

$\backslash$table$[[$Mecca Copy$],[$Budgeted Balance Sheet,$],[$Current assets:,,$],[,,],[,,],[,,],[$Total current assets,,$],[$Plant and equipment:,,$],[,,],[$Plant and equipment, net,,$],[$Total assets,,$],[,,],[$Current liabilities:,,$],[,,],[$Stockholders$\text{'}$ equity:,,$],[,,],[,,],[$Total stockholders' equity,,$]]$