20. Long-term planning models (S30.4) Abbreviated financial statements for Archimedes Levers are shown in Table 30.16. If sales increase by 10% in 2022 and all other items, including debt, increase correspondingly, what must be the balancing item? What will be its value?

Income Statement Sales $4,000 Costs, including interest 3,500 Net income $500 Balance Sheet, Year-End 2021 2020 2021 2020 Net assets $3,200 $2,700 Debt $1,200 $1,033 Equity 2,000 1,667 Total $3,200 $2,700 Total $3,200 $2,700

⟩ TABLE 30.16 Financial statements for Archimedes Levers, 2021. See Problem 20.