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the balancing item options are costs, dividends or sales Here are the abbreviated financial...

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Finance

imagethe balancing item options are costs, dividends or sales

Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2019 Sales $3,020 Costs 1,540 Net income $1,480 Balance Sheet, Year-End 2018 2019 2018 2019 Assets $2,790 $5,470 Debt $1,000 $1,740 Equity 1,790 3,730 Total $2,790 $5,470 Total $2,790 $5,470 If sales increase by 36% 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 36%), what must be the balancing item? The balancing item is (Click to select) What will be its value? (Do not round intermediate calculations. Round your answer to 1 decimal place.) Value of the balancing item $

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