X 60 minutes remaining Untitled Recently Viewed | Meetin... The Enron Collapse - On... Sign in to your account Sign The following account balances relate to teh equity accounts of Chipo Ltd at year end. Share Capital - C Ordinary, 10,500 and 10,000 shares 2020 17 OF 17 QUESTIONS REMAINING 2019 respectively for 2020 I 155.000 and 2019 130.000 Share Capital - preference, 5,000 shares D Retained earnings 125.000 300.000 125.000 250.000 small share dividend was declared and issued in 2020. The market value of the shares was 11,200. Cash dividendswere 16,000 in both 2020 and 2019. The ordinary shares have no par or stated value. Instructions a. What was the amount of net income reported by Chipo Ltd in 2020? b. Determine the amounts of any cash inflows or outflows related to the ordinary shares and dividend accounts in 2020. Use the editor to format your answer