Spence Resources Inc.?s December 31 incomplete balance sheet information follows along with additional information:

Required

1. Prepare a three-year comparative balance sheet for Spence Resources Inc.

2. To evaluate the company?s profitability, calculate the ratios for each year shown in the following schedule and determine whether the change was favourable or unfavourable.

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2018 December 31, 2019 2020 2020 2019 $360,920 $210,700 137,900 261,520 Accounts payable. Accounts receivable, net Cash. Common shares Common shares market price. Annual cash dividends declared per share. $30.00 $28.00 176,316 137,760 98,434 103,040 72,520 455,000 455,000 455,000 0.30 0.60 ******- Long-term notes payable due 2023. Inventory. 273,000 287,000 231,000 312,200 231,000 148,400 Plant assets, net 777,000 27,160 714,000 642,600 26,520 11,200 Prepaid expenses. Favourable Unfavourable or 2020 2019 a. Return on common shareholders' equity. b. Price-earnings. c. Dividend yield.. ........