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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

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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. Reg 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 Increase (Decrease) In the Current year (versus Previous year) Amount Percentage Current Year Previous Year $ % 111,000 $ 52,200 58,800 36,500 4,100 18,200 5,460 12,740$ 99,700 48,100 51,600 33.250 4,100 14,250 4,275 9,975 $ % 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 $ % $ $ 69,640 $ 17,200 25,100 95,100 207,040 $ 42,200 $ 1,200 41,000 84,400 89,000 33,640 207,040 $ 37,800 11,800 38,200 105,500 193,300 35,100 600 41,000 76,700 89,000 27,600 193,300 $ 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. Req1 Req 2A Reg 28 Which account increased by the largest dollar amount? Account 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. Reg 1 Reg 2A Reg 28 Which account increased by the largest percentage? Account

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