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The comparative financial statements prepared at December 31 for Pinnadle Plus showed the following summarized data Required: 1. Complete the two final columns shown beside

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The comparative financial statements prepared at December 31 for Pinnadle Plus showed the following summarized data Required: 1. Complete the two final columns shown beside each itom in Pinnacle Plus's comparative financial statements. (Decreases should be indicated by a minus sign. Round your percentage values to 1 decimal place.) Increase (Decrease n the Current year Previous year) Current Year Previous Year Amount Perc Income Statement Sales Revenue Cost of Goods Sold Gross Proft Operating Expenses Interest Expense ncome before Income Tax Expense Income Tax Expense (30%) Net Income Balance Sheet |$ 115,000-102500 48,500 53,000 62,0001 54,0001 38,500 34,250 4,500 15,250 4,575 S 13,300 10,675 4,500 19,000 5,700 Cash Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable 71.200S 38,000 11,000 39,000 107,500 S 210.200 195.500 $ 43,000 35,500 1,000 18,000 25,500 95,500 2,000 ype here to search

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