The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing its budgeted balance sheot 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. Note: Amounts to be deducted should be indicated by a minus sign. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Budgeted Balance Sheet } \\ \hline Current assets: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total current assets & & \\ \hline Plant and equipment: & & \\ \hline & & \\ \hline Plant and equipment, net & & \\ \hline Total assets & & \\ \hline \multicolumn{2}{|c|}{ Liabilities and Stockholders' Equity } & \\ \hline Current liabilities: & & \\ \hline & & \\ \hline Stockholders' equity: & \\ \hline & \\ \hline Total liabilities and stockholders' equity & \\ \hline \end{tabular}