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Income statement & Balance sheet 1 answer below » Abbreviated financial statements for Archimides Levers are shown in Table 19.12. If sales increase by 10% in 2011 and all other items,
including debt, increase correspondingly, what must be the ballancing item? What will be its value? Income Statement Sales $4,000 Costs, including interest 3,500 Net income $500 Balance Sheet, Year-end 2010 2009 2010 2009 Assets 3,200 2,700 Debt 1,200 1,033 Equity 2,000 1,667 Total 3,200 2,700 Total 3,200 2,700 Jan 10 2014 09:50 PM