GROUP A PROBLEMS e connect PA13-1 Analyzing Financial Statements Using Horizontal Analyses Pinnacle Plus declared and paid a cash dividend of $6.600 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Increase (Decrease) in Current (versus Previous) Amount Percentage Current Previous 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 $110,000 52,000 58,000 36,000 4,000 18,000 5,400 $ 12,600 $ 99,000 48,000 51,000 33.000 4,000 14.000 4,200 9.800 $ 69,500 17,000 25,000 95,000 $206,500 $ 38,000 12.000 38.000 105,000 $ 193,000 Accounts Payable Income Tax Payable Note Payable (long-term) Total Liabilities Common Stock (par $ 10) Retained Earnings Total Liabilities and Stockholders' Equity $ 42,000 1,000 40,000 83.000 90,000 33.500 $206,500 $ 35,000 500 40.000 75,500 90,000 27.500 $193,000 1. Complete the two final columns shown beside each item in Pinnacle Plus's comparative finan cial statements. Round the percentages to one decimal place. 2. Which account increased by the largest dollar amount? Which account increased by the larg. est percentage