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 $34,000, net income is budgeted to be $18.700, and dividends are budgeted to be $5,200 Required: Prepare the company's budgeted balance sheet. (Amounts to be deducted should be indicated by o minus sign.) \begin{tabular}{|c|c|c|} \hline 5 & & \\ \hlineF & & \\ \hline & & \\ \hline & & \\ \hlineF & & \\ \hline Total current assets & $ & 0 \\ \hline Plant and equipment: & & \\ \hline & & \\ \hlineF & & \\ \hline Plant and equipment, net & & 0 \\ \hline Total assets & $ & 0 \\ \hline Liabilities and Stockholders' & & \\ \hline Current liabilities: & & \\ \hline & & \\ \hline Stockholders' equity: & & \\ \hlineF & & \\ \hline & & \\ \hline & & \\ \hlineT11 & & \\ \hline Total stockholders' equity & & 0 \\ \hline Total liabilities and stockholders' equity & $ & 0 \\ \hline \end{tabular}