mework - Required Saved Help Save & Exit Check m Pinnacle Plus declared and paid a cash dividend of $6,500 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 tis question by entering your answers in the tabs below. Req 2A Req 1 Req 2B 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 the Previous year) Horizontal Analysis Increase (Decrease) in the Current year (versus the Previous year) Current Year Previous Year Amount Percentage Income Statement Sales Revenue 121,000 $ 54,200 66,800 106,700 $ % 14,300 Cost of Goods Sold Gross Profit 5,100 9,200 2,900 49,100 57,600 32,600 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 35,500 3,900 0 0.0 3,900 6,300 1,890 4,410 21,100 27,400 6,330 8,220 % 19,180 $ 14,770 S 39,900 $ 76,570 $ 36,670 7,000 S % 17,200 10,200 37,800 24,900 (12,900) (9,600) 21,170 94,900 104,500 192,400 S 213,570 Accounts Payable 44,200 $ 1,290 39,000 84,490 36,100 S S 8,100 Income Tax Payable 900 390 Note Payable (long-term) Total Liabilities 39,000 0 76,000 89,000 8,490 Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity 89,000 0 40,080 27,400 12,680 21,170 213,570 $ $ 192,400 S % Reg 1 Req 2A