Question: I need help solving the second Value of the balancing item. Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales $3,910

I need help solving the second Value of the balancing item.

Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales $3,910 Costs 2, 150 Net income $ 1,760 Balance Sheet, Year-End 2014 2015 2014 2015 Assets $4,670 $4,010 Debt $1.490 $1,390 Equity 3,180 2,620 Total $4,670 $4,010 Total $4,670 $4,010 If sales increase by 31% in 2016, and the company uses a percentage-of-sales planning model (meaning that all items on the income and balance sheet also increase by 31%), what must be the balancing item? The balancing item is dividends, What will be its value? (Round your answer to 1 decimal place.) Value of the balancing item $947.8 0

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