Spence Resources Inc.'s December 31 incomplete balance sheet information follows along with additional information Accounts payable Accounts receivable, net Cash Common shares Long-term notes payable due 2023 Inventory Plant assets, net Prepaid expenses 2020 $362, 120 262,120 73,120 467,000 279,000 318, 208 789,000 27,640 2019 2018 $211,909 139, 100 176,916 138,360 99,34 103,640 467 the 467,000 293,000 237,000 237,800 154,400 726,000 654,600 27,000 11,680 *46,700 shares were issued and outstanding for all three years, December 31, 2020 2019 $ 42.00 $ 40.00 1.80 1.50 Common shares market price Annual cash dividends declared per share Required: 1. Prepare a three-year comparative balance sheet for Spence Resources Inc (Enter all amounts as positive values.) SPENCE RESOURCES INC. Balance Sheet December 31 no nan 2. To evaluate the company's profitability calculate the ratios for each year shown in the following schedule and determine whether the change was favourable or unfavourable. (Round EPS and the final answers to 2 decimal places.) 2020 2019 Favourable or Unfavourable % a Return on common shareholders' equity b. Price-earnings c Dividend yield %