Question $1[25$ Marks$]$ The following information relates to the activities of Outies Insurance. The Statement of Comprehensive Income for the year ended $31$ December $2020$ and $2021.20202021$ Premiums Written $200000220000$ Less; Unearned Premium Written $(5000)(6000)$ Premiums Earned $195000214000$ Investment Income $40005100$ Interest $20001800$ Dividends $24802000$ Rentals $12001100185320204000$ Net Loss Incurred $(60000)(81205)$ Commissions to agents $(32580)(33201)$ Operating and Administrative Expenses $(4250)(5500)$ Operating Profit $1467214855$ Tax $(1245)(1320)$ Net profit $134213535$ REQUIRED a$.$ Calculate the following financial ratios for Outies Insurance for the years $2020$ and $2021($i$)$Loss Ratio $($ii$)$Expense Ratio $($iii$)$Combined Ratio $($iv$)$Investment Income $($v$)$Overall Operating Ratio $(15$ Marks$)$ b$.$ Comment on the performance of Outies Insurance in $2020$ and $2021.(10$ Marks$)$