Tiger Audio declared and paid a cash dividend of $6,725 in the current year. Its comparative financial statements, prepared at December 31, reported the following summarized information:

Required:

1. 1. Complete the two final columns shown beside each item in Tiger Audios comparative financial statements.

2. 2-a. Which account increased by the largest dollar amount?

3. 2-b. Which account increased by the largest percentage?

TIGER AUDIO Horizontal Analysis Current Previous Increase (Decrease) in Current (versus Previous) Amount Percentage % % % $ 228,000 $ 187,400 133,650 114,600 94,350 72,800 39,200 33,530 5,200 4,350 49,950 34,920 14.985 10,476 $ 34,965 $ 24,444 % % 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 Property and Equipment, Net Total Assets Accounts Payable Income Tax Payable Notes Payable (long-term) Total Liabilities Common Stock (par 51) Retained Earnings Total Liabilities and Stockholders' Equity % % $ $ 28,240 $ 30,260 18,500 16,000 25,000 22,000 139,000 125,000 $ 210,740 $ 193,260 $ 26,600 $ 24.700 4,200 3,760 76,700 89,800 107,500 118,260 31,000 31,000 72,240 44,000 $ 210,740 $ 193,260 % % % % % % % % Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B Which account increased by the largest dollar amount? Account Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Req 2B Which account increased by the largest percentage? Account