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pinnacle plus declared and paid a cash dividend of $6300 in the current year. It's comparative financial statements, prepared at December 31, report of the

pinnacle plus declared and paid a cash dividend of $6300 in the current year. It's comparative financial statements, prepared at December 31, report of the following summarize information: image text in transcribed
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Pinnacle Plus declared and paid a cash dividend of $6,300 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. Reg 1 Req 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 1 decimal place.) PINNACLE PLUS Horizontal Analysis Increase (Decrease) In the Current year (versus Previous year) Current Year Previous Year Amount Percentage Income Statement Sales Revenue $ 123,000 $ 108,100 % Cost of Goods Sold 54,600 49,300 Gross Profit 68.400 58.800 Operating Expenses 34,500 31,800 Interest Expense 3,700 3.700 Income before Income Tax Expense 30.200 23,300 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B Which account increased by the largest dollar amount? Account Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B Which account increased by the largest percentage? Account

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