Pinnacle Plus declared and paid a cash dividend of $8,700 in the current year. Its compar. December 31, reported the following summarized information: Current Previous Year Year Income Statenent $183,000 90,000 Sales Revenue $215,000 94,000 121,000 Cost of Goods Sold Gross Profit 93,000 49,800 6,100 37,100 11,130 $ 25,970 Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) 57,000 6,100 57,900 17,370 $ 40,530 es Net Income Balance Sheet Cash $ 17,000 33,000 59,000 126,000 $235,000 $ 96,905 38,000 46,000 116,000 $296,905 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 $ 63,000 1,525 61, e00 125,525 $ 32,900 1,550 61,000 95,450 102,600 36,950 $235,000 102,600 68, 780 Total Liabilities and Stockholders' Equity $296,905 search hp 144 insert