Abbreviated financial statement for 2016 Company C are shown below. Assume sales and cost increase by 20% and net assets increase by 45% in 2017. Dividend payout ratio is 25% of the net income and stays that way going forward. The Company does not issue any new equity from outside markets. It also does not repurchase any shares back. What must be the balancing item and what is its value? Income Statement 2016 $3,600 Sales Costs including interest $2,100 $1,500 Net Income Balance Sheet 12/31/2016 $1,540 Net Assets Debt Equity Total 12/31/2016 $900 $640 Total $1,540 $1,540 None of the above. Equity must be the balancing item and it will be $243. Debt must be the balancing item and it will be $1593. Debt must be the balancing item and it will be $243. Equity must be the balancing item and it will be $1133