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The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheet for next year: The beginning balance of retained eamings was $31,000, net income is budgeted to be $15,100, and dividends are budgeted to be $5,000. Required: Prepare the companys budgeted balance sheet. (Amounts to be deducted should be indicated by o minus sign.) Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.)