part 1

part 2

part 3

PA13-1 (Static) Analyzing Financial Statements Using Horizontal Analyses [LO 13-2, LO 13-5) 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? Reg 1 Reg 2A Reg 2B 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 Current Year Previous Year Previous year Amount Percentage Income Statement Sales Revenue 110,000 99,000 Cost of Goods Sold 52,000 48,000 Gross Profit 58,000 51,000 Operating Expenses 36,000 33,000 Interest Expense 4,000 4,000 Income before Income Tax Expense 18,000 14.000 Income Tax Expenso (30%) 5,400 4,200 Net Income $ 12,600 $ 9,800 Balance Sheet Cash $ 69,500 $ 38,000 Accounts Receivable, Net 17,000 12.000 Inventory 25,000 38.000 * 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. Req1 Reg 2A Reg 28 Which account increased by the largest dollar amount? Account 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 Req 2A Reg 28 Which account increased by the largest percentage? Account