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please break down step by step The management of Mecca Copy; a photocopying center located on University Avenue, has complied the following data to use

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The management of Mecca Copy; a photocopying center located on University Avenue, has complied the following data to use in preparing its budgeted balance sheet for rext year: The beginning balance of retained earnings. was $31,000, net income is budgeted to be $15,100, and dividends are budgeted to be $5,000. Required

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