income Strener, 2013 Sales $3,630 Costs 2,050 Net income $ 1,580 2014 $3,820 Assets Balance Sheet, Year End 2015 $4,880 Debt Equity 2014 $1,360 2,460 2015 $1,240 3,640 Total $3,820 $4,880 Total $3,820 54,880 If sales increase by 28% 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 28%), 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 Net income $ 1,580 Assets 2014 $3,820 Balance Sheet, Year-End 2015 $4,880 Debt Equity 2014 $1,360 2,460 2015 $1,240 3,640 Total $3,820 $4,880 Total $3,820 $4,880 If sales increase by 28% 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 28%), what must be the balancing item? The balancing item is (Click to select) (Click to select) What will be its value? dividends Value of the balancing sales. costs to 1 decimal place.)