Pinnacle Plus declared and paid a cash dvidend of $5,600 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 Pinnade 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 ZA Req ZB 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 Current Year Previous Year Increase (Decrease) in the Current year (versus Previous year) Amount Percentage Income Statement Sales Revenue $ 130,000 $ 113,000 Cost of Goods Sold 56,000 50,000 % Gross Profit 74,000 63,000 % Operating Expenses 31,000 29,000 % Interest Expense 3,000 3,000 Income before Income Tax Expense 40,000 31,000 Income Tax Expense (30%) 12,000 9,300 Net Income $ 28,000 $ 21,700 % Balance Sheet Cash $ 76,900 $ 42,600 Accounts Receivable, Net 19,000 12,000 Inventory 24,000 36,000 % Property and Equipment, Net 94,000 100,000 % Total Assets $ 213,900 $ 181,000 Accounts Payable $ 46,000 $ 37,000 % Income Tax Payable 3,000 1,500 % Notes Payable (long-term) 30,000 30,000 Total Liabilities 79,000 68,500 Common Stock (par $10) 86,000 86,000 % Retained Earings 48,900 26,500 Total Liabilities and Stockholders' Equity $ 213,900 $ 181,000 < Req 1 Req 2A >