PA13-1 Analyzing Financial Statements Using Horizontal Analyses [LO 13-2, LO 13.5) points 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: 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? eBook Complete this question by entering your answers in the tabs below. Reg 1 Red 2A Reg 2B points 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.) eBook PINNACLE PLUS Horizontal Analysis Print Increase (Decrease) in the current year (versus the previous year) Amount Percentage Current Year Previous Year References $ $ 110,000 52,000 58.000 35.000 4.000 18.000 5.400 12,000 99,000 48.000 51,000 33.000 4,000 14.000 4.200 9,800 $ $ $ $ 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 $ $ $ $ 69,500 17.000 25,000 95,000 208,500 42.000 1,000 40,000 83.000 90.000 33.5001 208,500 38,000 12.000 38.000 105,000 193,000 35,000 500 40,000 75,500 90.0001 2 7.500 193,000 $ $ Reg 1 Req 2A >