CloudNet Solutions' trial balance as of 31 December 2021 includes the following:

CloudNet Solutions has reported the following balances: Cash is £60,000, Accounts Receivable is £80,000, Inventory is £45,000, and Property, Plant, and Equipment is £250,000. The Accounts Payable is £70,000, Long-term Debt is £120,000, Common Stock is £180,000, and Retained Earnings is £65,000.

Requirements:

1. Prepare a trial balance for CloudNet Solutions as of 31 December 2021.
2. Using the trial balance, draft a comprehensive income statement for the year ended 31 December 2021.
3. Compute the Return on Equity (ROE) and discuss its significance for CloudNet Solutions' financial planning.