please answer all parts of the question thank you!!

For December 31, 20x1, the balance sheet of Baxter Corporation was as follows: Current Assets Cash Accounts receivable Inventory Prepaid expenses Fixed Assets Gross plant and equipment Less: Accumulated depreciation $ 24,000 32,000 62,000 Liabilities $ 22,000 Accounts payable 27,000 Notes payable 37,000 Bonds payable 13,200 Stockholders' Equity $ 262,000 Preferred stock (52.400) Conmon stock Paid in Capital $ 209,600 Retained earnings $ 308,800 Total liabilities and stockholders' equity Het plant and equipment Total assets $ 32,000 67,000 37,000 54,800 $308,800 Sales for 20x2 were $280,000, and the cost of goods sold was 55 percent of sales. Selling and administrative expense was $28,000, Depreciation expense was 10 percent of plant and equipment (gross) at the beginning of the year. Interest expense for the notes payable was 12 percent, while the interest rate on the bonds payable was 14 percent. This interest expense is based on December 31, 20x1 balances. The tax rate averaged 30 percent. $3,200 in preferred stock dividends were paid, and 57,016 in dividends were paid to common stockholders. There were 10,000 shares of common stock outstanding During 20X2, the cash balance and prepaid expenses balances were unchanged. Accounts receivable and inventory increased by 12 percent. A new machine was purchased on December 31, 20x2, at a cost of $47.000 Accounts payable increased by 25 percent. Notes payable increased by $7.200 and bonds payable decreased by $16.000, 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 20x2. (Round EPS answer to 2 decimal places.) Baxter Corporation 20X2 Income Statement $ Sales Cost of goods sold Gross profit 28,000 154.000 (128,000) S a. Prepare an income statement for 20X2. (Round EPS answer to 2 decimal places.) $ $ Baxter Corporation 20X2 Income Statement Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating profit Earnings before taxes Interest expense Earnings before taxes Taxes Earnings after taxes Earnings available to common stockholders Shares outstanding Earnings per share 28,000 154,000 (126,000) 28,000 26,200 (180,200) $ $ (180,200) (180,200) $ (180,200) b. Prepare a statement of retained earnings for 20x2. Baxter Corporation 20X2 Statement of Retained Earnings Retained earnings balance, January 1, 20X2 Add: Earnings available to common stockholders, 20X2 Less: Cash dividend declared in 20X2 54,800 41,496 (3.200) b. Prepare a statement of retained earnings for 20x2. Baxter Corporation 20X2 Statement of Retained Earnings Rotained earnings balance, January 1, 20X2 'Add: Earings available to common stockholders, 20X2 Less: Cash dividend declared in 20X2 Retained earings balance, December 31, 20X2 $ 54,800 41,496 (3,200) c. Prepare a balance sheet as of December 31, 20X2. (Amounts to be deducted should be indicated with parentheses or a minus sign.) Baxtor Corporation 20X2 Balance Sheet Liabilities and Stockholders' Equity Assets Current Assets c. Prepare a balance sheet as of December 31, 20X2. (Amounts to be deducted should be indicated with parentheses or a minus sign.) Baxter Corporation 20x2 Balance Sheet Liabilities and Stockholders' Equity Assets Current Assets 5 0 0 Total liabilities Total current assets Stockholders' Equity Fixed assets $ Net plant and equipment 0 Total stockholders' equity Total liabilities and stockholders' equity $ $ 0 0 $ Total assets