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Problem 18-10 Percentage of Sales Models (LO2) Here are the abbreviated financial statements for Planner's Peanuts: a. If sales increase by 20% in 2023 and

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Problem 18-10 Percentage of Sales Models (LO2) Here are the abbreviated financial statements for Planner's Peanuts: a. If sales increase by 20% in 2023 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? b. What will be the value of this balancing item

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