PA$13-1($Algo$)$ Analyzing Financial Statements Using Horizontal Analyses $[$LO $13-2,$ LO $13-5]$

Pinnacle Plus declared and paid a cash dividend of $$6,900$ 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?$2$

$25$

points

$02$:$55\mathrm{.}06$

PA$13-1($Algo$)$ Analyzing Financial Statements Using Horizontal Analyses $[$LO $13-2,$ LO $13-5]$

Pinnacle Plus declared and paid a cash dividend of $$6,900$ in the current year. Its comparative financial statements, prepared at December $31,$ reported the following summarized information:

Required:

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.

Req $1$

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.$)$

$\backslash$table$[[$PINNACLE PLUS$],[$Horizontal Analysls$],[,$Current Year,Provious Year,$\backslash$table$[[$Inerease $($Decrease$)],[$in the Current year $($versus$],[$Previous year$)]]],[,$Amount,Percentage,$],[$Incomo Statement$],[$Sales Revenue,$$,113,000,$$$,101,100,,,\%$