Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales $3,310 Costs 2,310 Net income $ 1.000 Assets 2014 $3,350 Balance Sheet, Year-End 2015 $4,670 Debt Equity 2014 $1,040 2,310 2015 $1,320 3,350 Total $3,350 $4,670 Total $3.350 $4,670 if sales increase by 34% 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 34%), what must be the balancing item? The balancing item is Click to select) What will be its value? (Round your answer to 1 decimal place) Value of the balancing item $ References