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Here are the abbreviated financial statements for Planners Peanuts: Sales Costs Income Statement, 2015 $2,560...

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Here are the abbreviated financial statements for Planners Peanuts: Sales Costs Income Statement, 2015 $2,560 1,500 Net income $ 1,060 2014 $3,960 Balance Sheet, Year-End 2015 $5,330 Debt Equity Assets 2014 $1,010 2,950 2015 $1,570 3,760 Total $3,960 $5,330 Total $3,960 $5,330 If sales increase by 32% 2016, and the company uses a percentage-of-sales planning model (meaning that all items on the income and balance sheet also increase by 32%), what must be the balancing item? The balancing item is (Click to select) What will be its value? (Round your answer to 1 decimal place.) Value of the balancing item

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