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Spence Resources inc's December 31 incomplete balance sheet information follows along with additional information -46.900 shares were issued and outstanding for all three years: Required:

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Spence Resources inc's December 31 incomplete balance sheet information follows along with additional information -46.900 shares were issued and outstanding for all three years: Required: 1. Prepare a threeyear comparative balance sheet for Spence Resources inc (Enter all omounts as positive volues.) 2. To evaluate the companys profitability, calculate the ratios for each year shown in the foliowing schedule and determine whether the change was fovourable or unfavourable. (Round EPS and the final onswers to 2 decimal piaces.) 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 ond the final answers to 2 decimal ploces.)

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