Here are the abbreviated financial statements for Planners Peanuts:

INCOME STATEMENT, 2015
Sales	$	3,000
Cost		2,300
Net income	$	700

BALANCE SHEET, YEAR-END
		2014				2015						2014				2015
Assets		$	3,500			$	4,200			Debt		$	833			$	2,000
										Equity			2,667				2,200
Total		$	3,500			$	4,200			Total		$	3,500			$	4,200

If sales increase by 20% in 2016 and the company uses a strict percentage of sales planning model (meaning that all items on the income and balance sheet also increase by 20%), what must be the balancing item? What will be its value?

The balancing item is (Click to select)debtsalesdividendsnet incomecost. If net income next year is $ and equity increases by $ , then (Click to select)net incomecostsalesdebtdividends must be $ .