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 (Decreaso) 2017 over 2016 15 2017 2016 Amount Percentage % % Income statement: Sales revenue Cost of goods sold Gross profit Operating expenses Interest expense Income before income tax expense Income tax expense (30%) Net income Balance sheet: Cash Accounts receivable, net Inventory $ 111,200 $ 100,000 52.600 48.500 58 600 51,500 36.400 33 200 4,100 4,100 18.100 14200 5430 4,260 $ 12,670 $ 9,940 $ 50,0705 37.400 25.400 18 410 32.500 38.500 Income statement: RRRR $ 111,200 $ 100,000 52,600 48,500 58,600 51,500 36,400 33,200 4,100 4.100 18.100 14,200 5.430 4.260 12.670 $ 9.940 Sales revenue Cost of goods sold Gross profit Operating expenses Interest expense Income before income tax expense Income tax expense (30%) Net Income Balance sheet: Cash Accounts receivable, net Inventory Property and Equipment, net Total assets Accounts payable Income tax payable Note payable, long-term Total liabilities Contributed capital (9,000 shares) Retained earningst Total liabilities and shareholders' equity $ 50,070 $ 18,410 37.400 32,500 25.400 38,500 95,800 106,000 $ 208.670 5 195410 $ 42.300 5 35,500 1.000 510 41,000 41.000 84.300 77010 90,500 90.500 33,870 27.900 $ 208 670 195,410 % % % RIR Accounts receivable, net Inventory Property and Equipment, net Total assets Accounts payable Income tax payable Note payable, long-term Total liabilities Contributed capital (9,000 shares) Retained earningst Total liabilities and shareholders' equity 37,400 32,500 25,400 38,500 95,800 106,000 $ 208,670 $ 195,410 $ 42,300 $ 35,500 1,000 510 41,000 41,000 84 300 77,010 90,500 90,500 33,870 27.900 $ 208,670 $ 195,410 1% % % % One-half of all sales are on credit. touring 2017, cash dividends amounting to 56700 were declared and paid