Pinnacle Plus declared and paid a cash dividend of $7,400 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?

Reg 1 Reg 2 Reg 2B Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. (Decres 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) Current Year Previous Year Amount Percentage Income Statement Sales Revenue $ 118,000 $ 104 600 Cost of Goods Sold 53,600 48,800 Gross Profit 64,400 55,800 Operating Expenses 40,000 35.000 Interest Expense 4,800 4.800 Income before Income Tax Expense 19,600 16 000 Income Tax Expense (30%) 5,880 4.800 Net Income $ 13,720 $ 11,200 Balance Sheet Cash $ 69.7765 % Receivable, Net 35,700 10,400 39,600 109,000 194,700 $ 18,600 25,800 95,800 209,976 $ 43.600 $ 2.756 48,000 % $ % 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 35,800 1,600 48.000 85.400 81,000 94,356 81,000 34.620 209.976 $ 28,300 194,700 s Roses Reg 2A > Pinnacle Plus declared and paid a cash dividend of $7.400 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 Reg 28 Which account increased by the largest dollar amount? Account Pinnacle Plus declared and paid a cash dividend of $7,400 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 which account increased by the largest percentage? Account