Check my work 1 Tiger Audio declared and paid a cash dividend of $7.125 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? aints Book Print References Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 kg Reg 28 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 $ 230,000 $ 188,200 135,650 115,800 94,350 72.400 38,400 33,130 % % % % C aw Prev Next > Check my work 1 TIGER AUDIO Horizontal Analysis 10 points Increase (Decrease) in Current versus Previous Amount Percentage Current Previous % eBook Print References 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 $ 230,000 $ 188,200 135,650 115,800 94,350 72,400 38,400 33,130 5.600 4.710 50,350 34,560 15,105 10,368 $ 35 245 $ 24.192 % % % % % % % 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) $ 22,920 $ 26,380 19,100 16,400 25,600 22,400 143,000 127,000 $ 210,620 $ 192,180 $ 25,800 $ 24,100 4,600 4,080 77.100 89,000 107,500 117,180 33 000 33,000 % % % % % % % 10 points Tiger Audio declared and paid a cash dividend of $7125 in the current year. Its comparative financial statements, prepa 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? eBook Print References Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Which account increased by the largest dollar amount? Account