Here are the abbreviated financial statements for Planners Peanuts Income Statement, 2019 Sales $2,290 Conta...
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Here are the abbreviated financial statements for Planners Peanuts Income Statement, 2019 Sales $2,290 Conta 920 Net Income $1,870 Assets Balance Sheet, Year-End 2018 2019 2018 2019 $2,890 55,130 Debt $1.110 51.920 Equity 1.780),210 02,890 35,130 Total 52,890 55,130 Total If sales increase by 21% in 2020, and the company uses a strict percentage of sales planning model (meaning that all items on the income and balance sheet also increase by 21%), what must be the balancing item? The balancing Lten (Click to select) What will be its value? (Do not round Intermediate calculations. Round your answer to 1 decimal place.) Value of the balancing itens
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