Question 1 (15 pts) Using the information below, prepare the following financial statements for Company ABC's 2020 and 2021, ended December 31, using the formats for basic financial statements shown in the Unit 1 Financial Statements videos. 2020 was Company ABC's first year of operating. a) Income Statement (also called Statement of Comprehensive Income) b) Statement of Changes in Equity (also called the Statement of Retained Earnings) c) Balance Sheet (also called Statement of Financial Position) Using Compary ABC's hoome Statement and Balance sheet comparative data from Question 1. A. Prepare the following financial ratios: {3 pts } B. a. Current Ratio d. Average collection period b. Quick Ratio e. eturn on Equity c. Debt-to-total assets C. D. Complete a vertical analysis of the comparative income statement; add two columns, label these columns appropriately, and corwert the comparative income statement to percentages, showing vertical analysis (5 pts). E. Explain what the above analysis show: write a brief paragraph commenting on the changes shown in the financial ratios and vertical anahysis from these two years. [290-500 words] [5 pts] Question 3 (10 pts) A. Assess the abbreviated statement of Cash Flows below and state in one sentence whether the compary is tinancially healthy or not ( 5 pts). B. Explain 2 reasans for your choice [5 pts). (50-100 wards] XYZ lnc