Tiger Audio declared and paid a cash dividend of $6,025 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information: Required: 1. Complete the two final columns shown beside each item in Tiger Audio's comparative financial statements. 2-a. Which account increased by the largest dollar amount? 2-b. Which account increased by the largest percentage? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Complete the two final columns shown beside each item in Tiger Audio's comparative financial statements. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) TIGER AUDIO Horizontal Analysis Current Increase (Decrease) Previous in Current (versus Previous) Amount Percentage Income Statement Sales Revenue Cost of Goods Sold Gross Profit $ 224,500 $ 186,000 Operating Expenses Interest Expense Income before Income Tax Expense Income Tax Expense (30%) Net Income % 130,150 112,500 % 94,350 73,500 % 40,600 34,230 % 4,500 3,720 % 49,250 35,550 % 14,775 10,665 $ 34,475 $ 24,885 Balance Sheet Cash $ 33,950 $ 34,650 Accounts Receivable, Net 19,250 16,500 % Inventory 25,750 22,500 % Property and Equipment, Net 132,000 121,500 % Total Assets $ 210,950 $ 195,150 % Accounts Payable $ 28,000 $ 25,750 Income Tax Payable 3,500 3.200 Notes Payable (long-term) Total Liabilities Common Stock (par $1) Retained Earings 76,000 91,200 107,500 120,150 27,500 27,500 75,950 47,500 Total Liabilities and Stockholders' Equity $ 210,950 $ 195,150 Req 2A >