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 accout 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 Req 2A Req 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 1 decimal place.) PINNACLE PLUS Horizontal Analysis Increase (Decrease) in the Current year (versus the Previous year) Current Year Amount Previous Year Percentage Income Statement Sales Revenue 124,000 S 108,800 54,800 49,400 Cost of Goods Sold 59.400 Gross Profit 69 200 Operating Expenses Interest Expense 34,000 31.400 3,600 3,600 24,400 31,600 Income before Income Tax Expense 7,320 9,480 Income Tax Expense (30%) 17.080 22,120 S Net Income Balance Sheet 35,700 74,782 $ Cash 10.800 17.800 Accounts Receivable, Net 24,600 37 200 Inventory Property and Equipment, Net 103.000 94,600 al Problem Saved Help Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. (Decreases 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 124,000 $ 108,800 Cost of Goods Sold 49,400 54,800 Gross Profit 69.200 59,400 Operating Expenses Interest Expense 34,000 31,400 3,600 3,600 Income before Income Tax Expense 31,600 24,400 Income Tax Expense (30%) Net Income 9,480 7,320 22,120 $ 17,080 Balance Sheet 74,782 S 35,700 Cash Accounts Receivable, Net 17,800 10,800 24,600 37,200 Inventory 94,600 103,000 Property and Equipment, Net 186,700 211.782 S Total Assets Accounts Payable 36,400 1,200 44,800 1,962 Income Tax Payable 36,000 36,000 Note Payable (long-term) 82.762 73,600 Total Liabilities 86,000 86.000 Common Stock (par $10) 27,100 43,020 Retained Earnings Total Liabilities and Stockholders Equity 186.700 211.782 S Req 2A > Problem i Saved Help Seve & Exit Subm 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? Complete this question by entering your answers in the tabs below. Reglza Reg 28 Reg 1 Which account increased by the largest dollar amount? Account Req 28 >