The management of Mecca Copy, a photocopying center located on University Avenue, has complied the following data to use in preparing its budgctod balance sheet for next year: The beginning balance of retained earnings was $25,000, net income is budgeted to be $21,100, and dividends are budgeted to b $3,500. Required: Prepare the company's budgeted bolance sheet. (Amounts to be deducted should be indicated by a minus sign.) \begin{tabular}{|l|l|l|} \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 & \\ \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 \end{tabular}