drop down options for balancing item are cost, debt, dividends, net income or sales.

Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2019 Sales $11,000 Cost 8,700 Net income $ 2,300 Assets BALANCE SHEET, YEAR-END 2018 2019 $10,500 $11,500 Debt Equity $10,500 $11,500 Total 2018 853 9,647 $10,500 2019 $1,000 10,500 $11,500 Total a. If sales increase by 25% 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 25%), what must be the balancing item? b. What will be the value of this balancing item? a. Balancing item b. Value