Pinnacle Plus declared and paid a cash dividend of $7,100 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 Horizontal Analysis Increase (Decrease) in the Current year (versus the Previous year) Amount Percentage Current Year Previous Year $ 115,000 $ % 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 53,000 62,000 38,500 4,500 19,000 5,700 13,300 102,500 48,500 54,000 34,250 4,500 15,250 4,575 10,675 $ $ % Balance Sheet $ 38,300 % 11,000 39,000 107,500 195,800 35,500 $ % $ % 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 71,290 $ 18,000 25,500 95,500 210,290 $ 43,000 $ 2,090 45,000 90,090 86,000 34,200 210,290 $ 1,300 45,000 81,800 86,000 28,000 195,800 $ %