The comparative financial statements prepared at December 31, 2013, 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?

Increase (Decrease) in 2013 (versus 2012) 2013 2012 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 $110,000 99,000 48,000 51,000 33,000 4,000 14,000 4,200 12,600 $9,800 52,000 58,000 36,000 4,000 18,000 5,400 as Accounts Receivable, Net Inventory Property and Equipment, Net Total Assets 49,500 18,000 32,000 38,000 105,000 $206,500 $193,000 37,000 25,000 95,000 Accounts Payable Income Tax Payable Note Payable, Long-term Total Liabilities Common Stock (par $10) Retained Earnings Total Liabilities and Stockholders' Equity $ 42,000 35,000 500 40,000 75,500 90,000 27,500 $206,500 $193,000 1,000 40,000 83,000 90,000 33,500