Pinnacle Plus declared and paid a cash dividend of $5,600 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? PINNACLE PLUS Horizontal Analysis Increase (Decrease) in the Current year (versus the Previous year) Amount Percentage Current Year Previous Year $ % 130,000 $ 56,000 74,000 31,000 3,000 40,000 12,000 28,000 $ 113,000 50,000 63,000 29,000 3,000 31,000 9,300 21,700 % $ 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 $ % % 77,260 $ 19,000 24,000 94,000 214,260 $ 46,000 $ 3,360 30,000 79,360 86,000 48,900 214,260 $ 33,300 12,000 36,000 100,000 181,300 37,000 1,800 30,000 68,800 86,000 26,500 181,300 $ %