3) Condensed financial data of Neptune Co. appears below. Neptune Co. Comparative Balance Sheet December 31 2020 Assets 2019 Current Assets: Cash Accounts Receivables (net) Short-Term Investment Inventories $71,000 44,000 25,000 144,450 $45,000 62,000 18,000 124,000 Supplies 15,280 21,000 Total Current Assets 299,730 270,000 Property Plant & Equipment Land Equipment Building 105,000 173,000 200,000 130,000 120,000 200,000 Total Assets 777,730 720,000 Liabilities & Stockholder's Equity Current Liabilities: Accounts Payable Salaries & Wages Payable $96,730 19,000 $82,000 15,000 Total Current Liabilities 115,730 97,000 Long-Term Liabilities: Notes Payable $260,000 $300,000 375,730 397,000 Total Liabilities Stockholders' Equity: Common Stock ($10 par) Retained Earnings $200,000 202,000 $160,000 163,000 Total Stockholder's Equity 402,000 323,000 Total Liabilities and Stockholders' Equity $777,730 $720,000 Neptune Co. Income Statement For the year ended December 31, 2020 $549,000 Net Sales (90% on account) Less: Cost of Goods Sold Operating Expenses excluding depreciation Depreciation Expense Interest Expense Income Taxes Gain on Sale of Plant Assets 348,000 84,000 30,500 6,000 14,000 5,500 Net Income $61,000 Additional Information: 1. Equipment was purchased for $100,000 cash. In addition, equipment costing $47,000 was sold for $22,000 cash. 2. Land was sold for cash at book value. 3. Notes matured and paid off at face value of cash. 4. Cash dividend was paid in the year 2020. 5. Common Stock recently sold at $20 per share. Instructions: a) Prepare a statement of cash flows using the indirect method. b) Compute the following ratios for 2020. 1. Price Earning Ratio II. Return on Stock Holders' Equity III. Quick Ratio (15) (9)