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 $35,000, budgeted net income is $19,900, and budgeted dividends are $2,900. Required: Prepare the company's budgeted balance sheet. Note: Amounts to be deducted should be indicated by a minus sign. Note: Amounts to be deducted should be indicated by a minus sign