P2.0H Candensed balance sheet and income statement data for Lion Corporation are presented below LION CORPORATION Balance Sheets December 31 2019 Assets 2020 Cash Receivables (net) Other current ass ets 50,000 80,000 74,000 78,000 520,000 30,000 55,000 73,000 54,000 407,000 Long-term investments Plant and equipment (net) $802,000 $619,000 Total assets Liabilities and Stockholders' Equity 2020 2019 $ 88,000 90,000 370,000 254,000 $65,000 70,000 320,000 Current liabilites Long-term debt Common stock Retained eamings 164,000 Total liabilities and stockholders' equity $802,000 $619,000 LION CORPORATION Income Statements For the Years Ended December 31 2019 2020 $770,000 $800,000 400,000 287,000 Sales revenue Cost of goods sold Operating expenses (including income taxes) 250,000 420,000 $100,000 $113,000 Net income $165,000 $85,000 $20,000 $178,000 $45,000 $13,000 Net cash provided by operating activities Cash used for capital expenditures Dividends paid 320,000 Average number of shares outstanding 370,000 Instructions Compute the following values and ratios for 2020 and 2019. (a) Eanings per sha re (b) Working capital (c) Current ratio. (d) Debt to assets ratio. (e) Free cash fow. (Based on the ratios calculated, di scuss briefly the improvement or lack thereof in the financial posi tion and operating results from 2019 to 2020