Pinnacle Plus declared and paid a cash dividend of $6,400 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 declared and paid a cash dividend of $6,400 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 Reg 2A Req 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 (Decrease) in the Current year (versus the Previous year) Amount Percentage Current Year Previous Year $ 122,000 $ 54,400 67.600 35,000 3,800 107,400 49,200 58,200 32,200 3,800 28,800 22,200 6,660 15,540 8,640 20,160 $ $ % % 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) Retained Earnings Total Liabilities and Stockholders' Equity % $ 75,972 17,400 24,800 94,800 212,972 $ 44,400 $ 1,512 38,000 83,912 88,000 41.060 38,500 10,400 37,600 104,000 190,500 36,200 1,000 38,000 75,200 88,000 27.300 % $ 212,972 $ 190,500