Spence Resources Inc.'s December 31 incomplete balance sheet information follows along with additional information 2020 2819 2018 Accounts payable $362,020 $211,800 139,000 Accounts receivable, net 262,070 176,866 138,310 Cash 73,070 98,984 103,590 Common shares 466,00 466,000 466,000 Long-term notes payable due 2023 278,500 292,500 236,500 Inventory 317,700 236,500 153,988 Plant assets, net 788,000 725,000 653, 600 Prepaid expenses 27,600 26,960 11,640 *46,600 shares were issued and outstanding for all three years Common shares market price Annual cash dividends declared per share December 31, 2020 2019 $ 41.00 $39.00 1.70 1.40 Required: 1. Prepare a three-year comparative balance sheet for Spence Resources Inc. (linter all amounts au poultive values.) NEOURCES BIC December 2020 2019 2011 Assets Current assets Total current assets 0 0 Total assets 3 0 $ Ols Liabilities Total liabilities $ 0 3 0$ 0 Equity Toalety Habilities and 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 first answers to 2 decimal places) 2020 2019 Favourable or Unfavourable a Return on common shareholders equity b. Price-earnings Dividend ved