Pinnacle Plus declared and paid a cash dividend of $5,700 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?

Req 1 Req 2A 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) Amount Percentage Current Year Previous Year Income Statement Sales Revenue $ % 129,000 $ 55,800 112,300 49,900 Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) 73,200 31,500 3,100 38,600 11,580 27,020 $ 62,400 29,400 3,100 29,900 8,970 20,930 Net Income $ % Balance Sheet Cash $ 77.842 $ 34.700 %