5. For this question you must use the excerpts from the financial statements of The Wendy's Company, found in Appendix 1. a. What amount of accounts payable did Wendy's have at January 2, 2022? Did this account increase or decrease over the past year? Why do you think this change occurred? b. On its Balance Sheet Wendy's lists 'current portion of long-term debt'. What does this account represent? c. Did Wendy's long-term debt increase or decrease over the past year? Why do you think this change occurred? Behind Wendy's financial statements you will see a few pages of information. This information is known as the 'notes' to the financial statements. The pages in your file only represent a small portion of the total notes to Wendy's statements. The notes to these financial statements contain important information that is not, or cannot, be disclosed on the financial statements themselves. THE WENDY'S COMPANY AND SUBSIDIARIES CONSOUDATED BALANCE SHEETS (in Thousands Except Par Value) ASSETS LIABILTTIES AND STOCKHOHDERS' EQUTTY Current liabitiries Stockhalder' equity: Common rtock, 50.10 pat values 1,500,000 shares authorited: THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In Thousands Except Per Share Amounts) THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands) 5. For this question you must use the excerpts from the financial statements of The Wendy's Company, found in Appendix 1. a. What amount of accounts payable did Wendy's have at January 2, 2022? Did this account increase or decrease over the past year? Why do you think this change occurred? b. On its Balance Sheet Wendy's lists 'current portion of long-term debt'. What does this account represent? c. Did Wendy's long-term debt increase or decrease over the past year? Why do you think this change occurred? Behind Wendy's financial statements you will see a few pages of information. This information is known as the 'notes' to the financial statements. The pages in your file only represent a small portion of the total notes to Wendy's statements. The notes to these financial statements contain important information that is not, or cannot, be disclosed on the financial statements themselves. THE WENDY'S COMPANY AND SUBSIDIARIES CONSOUDATED BALANCE SHEETS (in Thousands Except Par Value) ASSETS LIABILTTIES AND STOCKHOHDERS' EQUTTY Current liabitiries Stockhalder' equity: Common rtock, 50.10 pat values 1,500,000 shares authorited: THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In Thousands Except Per Share Amounts) THE WENDY'S COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands)