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 $$28,000,$ budgeted net income is $$17,800,$ 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.