E13-13 Analyzing the Impact of Selected Transactions on the Current Ratio (LO 13-4, LO 13-5] Good Sports, Inc., is a private full-line sporting goods retailer. Assume one of the Good Sports stores reported current assets of $85,850 and its current ratio was 1.70, and then completed the following transactions: (1) paid $5,800 on accounts payable, (2) purchased a delivery truck for $11,000 cash, (3) wrote off a bad account receivable for $2,200, and (4) paid previously declared dividends in the amount of $26,000. Required: Compute the updated current ratio after each transaction, by showing the cumulative effects of the transactions in the following table. (Round your answers to 2 decimal places.) Current Ratio Transaction (1) Transaction (2) Transaction (3) Transaction (4) Pinnacle Plus declared and paid a cash dividend of $6,400 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized 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-b. Which account increased by the largest percentage? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req ze Complete the two final columns shown beside each item in Pinnacle 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 Previous year) Current Year Previous Year Amount Percentage Income Statement Sales Revenue S 122.000 5 107,400 % Cost of Goods Sold 54,400 49,200 Gross Profit 67,600 58,200 Operating Expenses 35,000 32,200 Interest Expense 3,800 3.800 Income before Income Tax Expense 28,800 22,200 Income Tax Expense (30%) 8,640 6,660 Net Income S 20,160 S 15,540 96 Balance Sheet Cash S S % Accounts Receivable, Net 38,200 10,400 37,600 75,860 17,400 24.800 94,800 212.860 44,400 1,400 104,000 190,200 S S 96 S S 96 38,200 700 Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par S10) Retained Earnings Total Liabilities and Stockholders' Equity 38,000 83,800 38,000 74,900 88,000 88,000 41,060 212.860 27,300 190,200 S S % Which account increased by the largest dollar amount? Account Which account increased by the largest percentage? Account