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Pinnacle Plus declared and paid a cash dividend of $5,900 in the current year. Its comparative financial statements, prepared at December 31, reported the following

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Pinnacle Plus declared and paid a cash dividend of $5,900 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? Complete this question by entering your answers in the tabs below. 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 Notes Payable (long-term) Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity PINNACLE PLUS Horizontal Analysis Current Year Previous Year 127,000 $ 110,900 55,400 49,700 71,600 61,200 32,500 30,200 3,300 3,300 35,800 27,700 10,740 8,310 $ 25,060 $ 19,390 $ 79,760 $ 42,000 18,400 11,400 24,300 36,600 94,300 101,500 $ 216,760 $ 187,700 $ 45,400 $ 36,700 2,400 1,200 33,000 33,000 80,800 70,900 90,000 90,000 45,960 26,800 216,760 S 187,700 $ Increase (Decrease) in the Current year (versus Previous year) Amount Percentage % % ***** % % % % % % LLLLL % Req 1 Req 2A Req 2B Which account increased by the largest dollar amount? Account Which account increased by the largest percentage? Account

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