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 earnings was $30,000, net income is budgeted to be $20,200, and dividends are budgeted to be $3,300. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by a minus sign.) \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Mecca Copy } \\ \hline \multicolumn{3}{|c|}{ Budgeted Balance Sheet } \\ \hline \multicolumn{3}{|c|}{ Assets } \\ \hline \multicolumn{3}{|l|}{ Current assets: } \\ \hline \\ \hline \\ \hline \\ \hline \multicolumn{3}{|l|}{cos2+cos2} \\ \hline \\ \hline Total current assets & $ & 0 \\ \hline \multicolumn{3}{|l|}{ Plant and equipment: } \\ \hline \\ \hline \multicolumn{3}{|l|}{+2} \\ \hline \multicolumn{3}{|l|}{ Plant and equipment, net } \\ \hline Total assets & $ & 0 \\ \hline \multicolumn{3}{|c|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{3}{|l|}{ Current liabilities: } \\ \hline L & & \\ \hline \multicolumn{3}{|l|}{ Stockholders' equity: } \\ \hline \multicolumn{3}{|l|}{7} \\ \hline \\ \hline \\ \hline \\ \hline Total stockholders' equity & & 0 \\ \hline Total liabilities and stockholders' equity & $ & 0 \\ \hline \end{tabular}