Problem 19-9 Percentage-of-Sales Models (LO2) Here are the abbreviated financial statements for Planners Peanuts: Income Statement, 2015 Sales Costs Net Income $3,060 1,930 $ 1,130 Balance Sheet, Year-End 2014 2015 Assets $3,860 $4,550 Total $3,860 $4,550 2014 2015 Debt $1,150 $1,860 Equity 2,710 2,690 Total $3,860 $4,550 If sales increase by 27% 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 27%). The balancing item, in this case, will be dividends. What will be the value of the dividends? Please express your answer to two decimal places (e.g., 209.10). Explanation: