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 $$36,000,$ budgeted net

income is $$20,500,$ and budgeted dividends are $$3,700.$

Required:

Prepare the company's budgeted balance sheet.

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