Pinnacle Plus declared and paid a cash dividend of $7,400 in the current year. Its comparative financial statements, prepared a 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 PINNACLE PLUS Horizontal Analysis Increase (Decrease) in the Current year (versus Previous year) Amount Percentage Current Year Previous Year $ % 118,000 $ 53,600 64,400 40,000 4,800 19,600 5,880 13,720 $ 104,600 48,800 55,800 35,000 4,800 16,000 4,800 11,200 $ % $ % 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 $ % % $ 69,620 $ 18,600 25,800 95,800 209,820 $ 43,600 $ 2,600 48,000 94,200 81,000 34,620 209,820 $ 35,400 10,400 39,600 109,000 194,400 35,800 1,300 48,000 85,100 81,000 28,300 194,400 $ %