Tiger Audio declared and paid a cash dividend of $7,025 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? TIGER AUDIO Horizontal Analysis Increase (Decrease) in Current (versus Previous) Amount Percentage Current Previous % % % % $ 229,500 $ 188,000 135,150 115,500 94,350 72,500 38,600 33,230 5,500 4,620 50,250 34,650 15,075 10,395 $ 35,175 $ 24,255 % % % % % Income Statement Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Interest Expense Income 4efore 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 % % % % $ 24,250 $ 27,350 18,950 16,300 25,450 22,300 142,000 126,500 $ 210,650 $ 192,450 $ 26,000 $ 24,250 4,500 4,000 77,000 89,200 107,500 117.450 32.500 32,500 70,650 42,500 $ 210,650 $ 192,450 % % % % %