Spence Resources Inc.'s December 31 incomplete balance sheet information follows along with additional information: 2020 2019 2018 Accounts payable $362,720 $212,500 139,700 Accounts receivable, net 262,420 177,216 138,660 Cash 73,420 99,334 193,940 Common shares. 473,800 473,000 473,000 Long-term notes payable due 2023 282,288 296,000 240,000 Inventory 321,200 240,00 157,400 Plant assets, net 795,000 732,600 660,600 Prepaid expenses 27,880 27, 240 11,920 *47,300 shares were issued and outstanding for all three years. December 31, 2020 2019 Common shares market price $48.00 $46.00 Annual cash dividends declared per share 2.40 2.10 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 2020 Assets 2019 2018 Current assets Total current assets 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 2020 Assets 2019 2018 Current assets Total current assets 0 Total assets $ 0 $ 0 $ 0 Liabilities Total liabilities $ 0 $ 0 $ 0 Equity 0 Total equity Total liabilities and equity 0 0 0 0 $ $ $ 0 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 Price-earings Dividend yield %