Pinnacle Plus declared and paid a cash dividend of $6,100 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. 2-0. 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 Reg 2A Reg 28 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 I decimal place.) PINNACLE PLUS Horizontal Analysis Increase (Decrease) In the Current year (versus the Previous year Complete this question by entering your answers in the tabs below. Req1 Reg 2A Reg 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 (Decmaso) In the Current year (versus the Previous year Current Year Previous Year Amount Percentage Income Statement Sales Revenue $ 125,000 $ 109,500 Cost of Goods Sold 55,000 49,500 Gross Profit 70.000 60,000 Operating Expenses 33,500 31000 Interest Expense 3,500 3,500 Income before Income Tax Expenso 33,000 25,500 Income Tax Expense (30%) 9.900 7 650 Net Income $ 23.100 s 17 850 Balance Sheet Previous You Porcent $ % 125,000 5 55,000 70,000 33,500 3,500 33,000 9,900 23,100 $ 109,500 49,500 60,000 31,000 3,500 25,500 7,650 17.850 A 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) $ $ 74. 1905 18,000 24,500 94,500 211,1905 45,000 $ 2,190 35,000 82,190 85,000 $ 34,300 11,000 37.000 102,500 184,800 36,500 1,300 35,000 72,800 85.000 33,500 3,500 33,000 9,900 23,100 $ 31.000 3,500 25,500 7,650 17,850 % $ % 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 310) Retained Earnings Total Liabilities and Stockholders Equity $ $ 74,1905 18,000 24,500 94,500 211,190 $ 45,000 $ 2,190 35,000 82.190 85.000 44,000 211,190$ 34,300 11,000 37,000 102,500 184,800 36,500 1,300 35,000 72,800 85.000 27.000 184,800 declared and paid a cash dividend of $6,100 in the current year. Its comparative financial statements, prepared 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. 2-0. 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 RPG 2A Reg 28 Which account incre Reg 2A the largest dollar amount? Account & Req Req 28 > Pinnacle Plus declared and paid a cash dividend of $6,100 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. 2-0. Which account increased by the largest dollar amount? 2-6. Which account increased by the largest percentage? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A $49 28 Which account increased by the largest percentage? Account
