1 10 points eBook Pinnacle Plus declared and paid a cash dividend of $7,100 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 Pinnacle Plus'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. Print Req 1 Req 2A Req 2B References Complete the two final columns shown beside each item in Pinnacle Plus's comparative financial statements. (Decreases should be indicated by a minus sign. Round percentage values to 1 decimal place.) PINNACLE PLUS Horizontal Analysis Increase (Decrease) Current Year Previous Year in the Current year (versus Previous year) Amount Percentage Income Statement Sales Revenue $ 115,000 $ 102,500 % Cost of Goods Sold 53,000 48,500 % Gross Profit 62,000 54,000 % Operating Expenses 38,500 34,250 % Interest Expense 4,500 4,500 % Income before Income Tax Expense 19,000 15,250 % Income Tax Expense (30%) 5,700 4,575 % Net Income $ 13,300 $ 10,675 % Balance Sheet Cash $ 71,200 $ 38,000 % Accounts Receivable, Net 18,000 11,000 % Inventory 25,500 39,000 % Property and Equipment, Net 95,500 107,500 % Total Assets $ 210,200 $ 195,500 % Accounts Payable $ 43,000 $ 35,500 % Income Tax Payable 2,000 1,000 % Notes Payable (long-term) 45,000 45,000 % Total Liabilities 90,000 81,500 % Common Stock (par $10) 86,000 86,000 % Retained Earnings 34,200 28,000 Total Liabilities and Stockholders' Equity $ 210,200 $ 195,500 % < Req 1 Req 2A > 1 10 points Pinnacle Plus declared and paid a cash dividend of $7,100 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 Pinnacle Plus's comparative financial statements. 2-a. Which account increased by the largest dollar amount? 2-b. Which account increased by the largest percentage? eBook Complete this question by entering your answers in the tabs below. Print Req 1 Req 2A Req 2B References Which account increased by the largest dollar amount? Account < Req 1 Req 2B > 1 10 points Pinnacle Plus declared and paid a cash dividend of $7,100 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 Pinnacle Plus's comparative financial statements. 2-a. Which account increased by the largest dollar amount? 2-b. Which account increased by the largest percentage? eBook Complete this question by entering your answers in the tabs below. Print Req 1 Req 2A Req 2B References Which account increased by the largest percentage? Account < Req 2A Req 2B >