The comparative financial statements prepared at December 31 for Pinnacle Plus showed the following summarized data:

Required:
1. Complete the two final columns shown beside each item in Pinnacle Plus€™s comparative financial statements. Round the percentages to one decimal place.
2. Which account increased by the largest dollar amount? Which account increased by the largest percentage?

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ncrease (uecrease) in Current (versus Previous) Current revous Amount Percentage 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 $110,000 99,000 48,000 51,000 52 000 58,000 36,000 4,000 18,000 5.400 4000 14000 4.200 12600 9.800 6,500 38 000 17.000 38,000 12000 25,000 95,000 105,000 $206.500$193.000 Accounts Payable Income Tax Payable Note Payable (ong-term) Total Liabilities Common Stock (par $10 Retained Earmings Total Liabilities and Stockholders Equity 1,000 40,000 83.000 90,000 33.500 $20,500 42000 35,000 500 40,000 75,500 0.000 27.500 $193,000