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. 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. Reg 1 Reg 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 Increase (Decrease) in Current (versus Previous) Amount Percentage Current Previous $ $ Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income before Income Tax Expense 228,000 133,650 94,350 39,200 5,200 49,950 187,400 114,600 72,800 33,530 4,350 34,920 TIGER AUDIO Horizontal Analysis Increase (Decrease) in Current (versus Previous) Amount Percentage Current Previous $ $ 228,000 133,650 94,350 39,200 5,200 49,950 14,985 34,965 187,400 114,600 72,800 33,530 4,350 34,920 10,476 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 Note Payable (long-term) Total Liabilities Common Stock (par $1) Retained Earnings Total Liabilities and Stockholders' Equity $ $ $ $ 28,240 18,500 25,000 139,000 210,740 26,600 4,200 76,700 107,500 31,000 72,240 210,740 30,260 16,000 22,000 125,000 193,260 24,700 3,760 89,800 118,260 31,000 44,000 193,260 $ $ 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. 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. Reg 1 Req ZA Reg 2B Which account increased by the largest dollar amount? Account Reg 1 Req 2B > 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. 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 Reg 2A Reg zB Reg 2 Which account increased by the largest percentage? Account
