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.) 5. Income statement: Sales revenue" Increase (Decrease) 2017 over 2016 2017 2016 Amount Percentage Cost of goods sold $ 104,000 $ 94,000 % 48,400 45,500 Gross profit Operating expenses Interest expense Income before income tax expense Income tax expense (30%) Net income 55,600 48,500 35,500 32,000 3,500 3,500 16,600 13,000 % 4,980 3,900 % $ 11,620 $ 9,100 % Balance sheet: Cash $ 56,020 $ 15,950 % Accounts receivable, net 35,000 29,500 Inventory 23,000 45,500 Property and Equipment, net 91,000 100,000 Total assets Accounts payable $ 205,020 $ 190,950 $ 40,500 $ 32,500 % % Income tax payable 1,000 450 % Note payable, long-term Total liabilities Contributed capital (9,000 shares) Retained eamingst Total liabilities and shareholders' equity 35,000 35,000 76,500 67,950 97,500 97,500 31,020 25,500 $ 205,020 $ 190,950