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The management of Mecca Copy, a photocopying center located on University Avenue, has complled the following data to use In preparlng Its budgeted balance sheet

image text in transcribed The management of Mecca Copy, a photocopying center located on University Avenue, has complled the following data to use In preparlng Its budgeted balance sheet for next year: The beginning balance of retalned earnings was $36,000, net Income Is budgeted to be $20,500, and dividends are budgeted to be $3,700. Requlred: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be Indlcated by a minus sign.)

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