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 $36,000, net income is budgeted to be $20,500, and dividends are budgeted to be $3,700. Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be lndlcated by a minus slgn.) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Mecca Copy } \\ \hline \multicolumn{2}{|c|}{ Budgeted Balance Sheet } \\ \hline \multicolumn{2}{|c|}{ Assets } \\ \hline Current assets: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total current assets & & \\ \hline Plant and equipment: & & \\ \hline \end{tabular}