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Mecta Copy, a photocopying center located on University Avenue, provided the following data to prepare a budgeted balance sheet for next year. The beginning balance

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Mecta 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 $33,000, budgeted net income is $17,500, and budgeted dividends are $3,300. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Mecca Copy } \\ \hline \multicolumn{4}{|c|}{ Budgeted Balance Sheet } \\ \hline \multicolumn{4}{|l|}{ Assets } \\ \hline \multicolumn{4}{|l|}{ Current assets: } \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline & & & \\ \hline Total current assets & & $ & 0 \\ \hline \multicolumn{4}{|l|}{ Plant and equipment: } \\ \hline \\ \hline \multirow{2}{*}{\multicolumn{4}{|c|}{ Plant and equipment, net }} \\ \hline & & & \\ \hline Total assets & & $ & 0 \\ \hline \multicolumn{4}{|c|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{4}{|l|}{ Current liabilities: } \\ \hline & & & \\ \hline \multicolumn{4}{|l|}{ Stockholders' equity: } \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Total stockholders' equity & & & 0 \\ \hline Total liabilities and stockholders' equity & & $ & 0 \\ \hline \end{tabular}

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