ABC company has the following information during 2020: Common stock 100,000 Preferred stock 200,000 Paid-in capital in excess of par 150,000 Retained earnings 200,000 Number of outstanding shares 100,000 Preferred stock dividends 12,000 Net Income after tax 600,000 Calculate ROE Suppose you are interested in evaluating ABC company's financial performance during 2019 and 2020. Use the information provided on the excel sheet to answer the following questions, 1. Prepare the company's Balance sheet and Income Statement during 2019 and 2020. (3 marks) Prepare the company's cash flow statement for the year 2020. (2 marks) Wow 2. Calculate the financial ratios for the company in 2019 and 2020. (2 marks) Note: Purchases were %70 of the cost of goods sold in both years. 3. Analyze the company's overall financial situation from a time series viewpoint. (2 marks) 4. Compile the Proforma Income statement for the year 2020 using percent of sales method. (1 mark)