The following financial information is for Ivanhoe Company. IVANHOE COMPANY Balance Sheets December 31 Assets 2022 2021 Cash $71.000 $ 66,000 Debt investments (short-term) 52,000 40.000 Accounts receivable 110,000 91.000 Inventory 233.000 165,000 Prepaid expenses 25,000 27,000 Land 130.000 130.000 Building and equipment (net) 259.000 184,000 Total assets $880,000 $703,000 Liabilities and Stockholders' Equity Notes payable $171.000 $110.000 68,000 53.000 39,000 39,000 249,000 169,000 Accounts payable Accrued liabilities Bonds payable, due 2025 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity 207.000 207,000 146,000 $880,000 $703,000 IVANHOE COMPANY Income Statements For the Years Ended December 31 2022 2021 Sales revenue $895,000 $793,000 Cost of goods sold 640.000 574,000 Gross profit 255.000 219,000 Operating expenses 190.000 161,000 Net income $ 65.000 $ 58,000 Additional information: 1. Inventory at the beginning of 2021 was $115,000. 2. Accounts receivable (net) at the beginning of 2021 were $88,000. 3. Total assets at the beginning of 2021 were $630,000. 4. No common stock transactions occurred during 2021 or 2022. 5. All sales were on account Given below are three independent situations and a ratio that may be affected. For each situation, compute the affected ratio (1) as of December 31, 2022. and (2) as of December 31, 2023, after giving effect to the situation (Round Debt to assets ratio to decimal places, eg 15 and round all other answers to 1 decimal place, eg. 15.5. Round % change to decimal places.foreg. 1% and if % change is a decrease show the numbers as negative, eg -1% or (1).) Situation 1. 20.000 shares of common stockwere sold at par on July 1, 2023. Net income for 2023 was Ratio Return on common stockholders' equity Debt to assets ratio $52.000. 2. All of the notes payable were paid in 2023. All other liabilities remained at their December 31, 2022 levels. Total assets on December 31, 2023, were $881,000. The market price of common stock was $9 and $13 on December 31, 2022 and 2023, respectively 3. Price-earnings ratio 2022 2023 % Change 96 Return on common stockholders' equity Debt to assets ratio 94 Price earnings ratio times times 96