The comparative financial statements prepared at December 31 for Pinnacle Plus showed the following summarized data:

Required:

1.

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 your percentage values to 1 decimal place.)

PINNACLE PLUS
Horizontal Analysis
			Increase (Decrease) in the Current year (versus Previous year)
	Current Year	Previous Year	Amount	Percentage
Income Statement
Sales Revenue	$115,000	$102,500			%
Cost of Goods Sold	53,000	48,500
Gross Profit	62,000	54,000
Operating Expenses	38,500	34,250
Interest Expense	4,500	4,500
Income before Income Tax Expense	19,000	15,250
Income Tax Expense (30%)	5,700	4,575
Net Income	$13,300	$10,675			%
Balance Sheet
Cash	$71,200	$38,000			%
Accounts Receivable, Net	18,000	11,000
Inventory	25,500	39,000
Property and Equipment, Net	95,500	107,500
Total Assets	$210,200	$195,500			%
Accounts Payable	$43,000	$35,500			%
Income Tax Payable	2,000	1,000
Note Payable (long-term)	45,000	45,000
Total Liabilities	90,000	81,500
Common Stock (par $10)	86,000	86,000
Retained Earnings	34,200	28,000
Total Liabilities and Stockholders Equity	$210,200	$195,500			%
During the current year, cash dividends amounting to $7,100 were declared and paid.