The comparative financial statements prepared at December 31, 2017, for Pinnacle Plus showed the following summarized data: Required: 1. Complete the two final columns shown beside each item in Pinnacle's comparative financial statements. (Round your percentage answers to 1 decimal place. Any decrease in the amount should be indicated with minus sign.) Increase (Decrease) 2017 over 2016 2017 2016 Amount Percentage Income statement: Sales revenue* $ 104,000 $ 94,000 $10,000 10.6 % Cost of goods sold 48,400 45,500 2,900 % Gross profit 55,600 48,500 7,100 % Operating expenses 35,500 32,000 3,500 % Interest expense 3,500 3,500 0 0.0 % Income before income tax expense 16,600 13,000 3,600 % Income tax expense (30%) 4,980 3,900 1,080 % Net income $ 11,620 $ 9,100 $ 2,520 % Balance sheet: Cash $ 56,020 $ 15,950 $40,070 % Accounts receivable, net 35,000 29,500 5,500 % Inventory 23,000 45,500 (22,500) % Property and Equipment, net 91,000 100,000 (9,000) % Total assets Accounts payable $205,020 $ 190,950 $14,070 % $ 40,500 $ 32,500 $8,000 % Income tax payable 1,000 450 550 % Note payable, long-term Total liabilities Contributed capital (9,000 shares) Retained earningst Total liabilities and shareholders' equity $205,020 $ 190,950 $14,070 35,000 35,000 0 0.0 % 76,500 67,950 $8,550 % 97,500 97,500 0 0.0 % 31,020 25,500 5,520 % %