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Pinnacle Plus declared and paid a cash dividend of $6,700 in the current year. Its comparative financial statements, prepared at December 31, reported the

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Pinnacle Plus declared and paid a cash dividend of $6,700 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. Req 1 Req 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 Current Year Previous Year Increase (Decrease) in the Current year (versus Previous year) Amount Percentage Income Statement Sales Revenue: Cost of Goods Sold $ 111,000 $ 99,700 % 52,200 48,100 % Gross Profit 58,800 51,600. % Operating Expenses 36,500 33,250 % Interest Expense 4,100 4,100 % Income before Income Tax Expense 18,200 14,250 %

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