Pinnacle Plus declared and paid a cash dividend of $5,800 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?

omplete 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)
	Current Year	Previous Year	Amount	Percentage
Income Statement
Sales Revenue	$128,000	$111,600			%
Cost of Goods Sold	55,600	49,800
Gross Profit	72,400	61,800
Operating Expenses	32,000	29,800
Interest Expense	3,200	3,200
Income before Income Tax Expense	37,200	28,800
Income Tax Expense (30%)	11,160	8,640
Net Income	$26,040	$20,160			%
Balance Sheet
Cash	$78,426	$36,100			%
Accounts Receivable, Net	18,600	11,600
Inventory	24,200	36,400
Property and Equipment, Net	94,200	101,000
Total Assets	$215,426	$185,100			%
Accounts Payable	$45,600	$36,800			%
Income Tax Payable	2,886	1,600
Note Payable (long-term)	32,000	32,000
Total Liabilities	80,486	70,400
Common Stock (par $10)	88,000	88,000
Retained Earnings	46,940	26,700
Total Liabilities and Stockholders Equity	$215,426	$185,100			%