4 14 28 points PA13-1 (Algo) Analyzing Financial Statements Using Horizontal Analyses (LO 13-2, 13-5) Pinnacle Plus declared and peld a cash dividend of $7,000 in the current year. Its comparative financial statements, prepared at December 31, reported the following summartzed Information Required: 1. Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. 2-a. Which account increased by the largest dollar amount? 2-5. Which account increased by the largest percentage? eBook Print Complete this question by entering your answers in the tabs below. Reference Req 2B Req 1 Req 2A Complete the two final columns shown beside each item in Pinnade Plus's comparative financial statements. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) PINNACLE PLUS Horizontal Analysis Increase (Decrease) in the Current year (versus the Previous year) Amount Percentage Current Year Previous Year % $ 114,000 $ 101,800 52.800 48,400 61.200 53.400 38.000 34.000 4,400 4.400 18.800 15.000 5,640 4.500 $ 13,160 S 10.500 Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense 30%) Net Income Balance Sheet Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Note Payable long-term Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity REL s 66.132 s 33,500 17.800 11.200 25.400 38.800 95.400 107.000 $ 204,732 S 190.500 S 42,800 $ 35.400 1,872 1.200 44,000 44.000 88,672 80.600 82,000 82000 34,060327.900 $ 204,732 S 190.500