1. Chester Plc's comparative balance sheets are presented below: Chester Plc Comparative Balance Sheets December 31 2020 2019 $ $ Assets: Cash 63000 22000 Accounts receivable 82000 66000 Inventory 180000 189000 Equipment 270000 200000 Accumulated depreciation-equipment (69000) (42000) Land 71000 110000 Total 597000 545000 Liabilities and Stockholder's Equity: Accounts payable 34000 47000 Long term loan payable 150000 200000 Common stock ($1 par) 214000 164000 Retained earnings 199000 134000 Total 597000 545000 Additional Information: Net Income for 2020 was $105000; Depreciation was $27000; Cash dividend of $40000 was paid; long term loan of $50000 was paid by using new ordinary shares. Instructions: a) Prepare a statement of cash flows for 2020 using the indirect method with information about significant non-cash activities. [10 marks] b) Calculate the following Ratios ONLY for the year 2020 and also indicate the significance of each ratio: current ratio, earning per share, return on asset ratio, return on common stockholders' equity ratio, debt to asset ratio. [5 marks]