Question: Accounts payable increased by 2 0 percent. Notes payable increased by $ 6 , 5 0 0 and bonds payable decreased by $ 1 2

Accounts payable increased by 20 percent. Notes payable increased by $6,500 and bonds payable decreased by $12,500, both at the end of the year. The preferred stock, common stock, and capital paid in excess of par accounts did not change.
a. Prepare an income statement for 202.
Note: Round EPS answer to 2 decimal places.
\table[[Baxter Corporation],[,],[,202 Income Statement],[,],[,],[,],[,],[,],[,],[,],[,],[,]]
\table[[Earnings available to common stockholders],[Shares outstanding],[Earnings per share]]
b. Prepare a statement of retained earnings for 202.
c. Prepare a balance sheet as of December 31,202
Note: Amounts to be deducted should be indicated with parentheses or a minus sign.
 Accounts payable increased by 20 percent. Notes payable increased by $6,500

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