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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 $362,320 262,220 73,220 469,000 280, eee 319,200 791, eee 27,720 2019 2018 $212,100 139,300 177,016 138,468 99,134 103,740 469,000 469,000 294,000 238,000 238,000 155,400 728,000 656,600 27,080 11,760 *46,900 shares were issued and outstanding for all three years. December 31, 2020 2019 $44.00 $42.00 2.00 1.70 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 2020 Assets 2019 2018 Current assets Total current assets 0 Total assets $ 0 $ 0 $ 0 Liabilities Total liabilities $ 0 $ 0 $ 0 Equity 5 Total abilities 5 Equity 0 0 0 Total equity Total liabilities and equity $ 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' oquity Price carings c. Dividend yield %

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