Pinnacle Plus declared and paid a cash dividend of $6,200 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 Income Statement $ 108,800 % 49,400 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 124,000 $ 54,800 69,200 34,000 3,600 31,600 9,480 22,120 $ 59,400 31,400 3,600 24,400 7,320 17,080 $ % 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 74,782 $ 17,800 24,600 94,600 211,782 $ 44,800 $ 1,962 36,000 82,762 86,000 43,020 211,782 $ 35,700 10,800 37,200 103,000 186,700 36,400 1,200 36,000 73,600 86,000 27,100 186,700