The shareholders funds of Metrix consist of: Authorised share capital (ordinary) $12,000,000 A class preference shareholders $8,000,000 Retained earnings $4,604,3T2 Total shareholders funds of the rvletrix as at 30 June 2022: $24,004,3?2 The directors are mindful of the need to retain funds for working capital and estimate the company needs working capital of at least $0,500,000. Issues they seek advice on: 1. Is there a profit at law from which the directors of Matrix can pay a dividend if they wish to do so? The board of directors of Metrix has had a history in the past of paying dividends each year of approximately 15% of the retained earnings of the company at the end of the year. 2. If they do decide to pay a dividend of 15% of retained earnings, would you recommend it or not