Clark Chemicals' shareholders provided $$20,000,000$ of capital when thyey purchased new issues of common

stock. Currently, total $1,100,000$ shares are outstanding and the share price is $$22.$ How much is Clark Chemicals'

Market Value Added $($MVA$),$ i$.$e$.,$ how much value has Clark's management added to stockholder wealth over the

years?

On $\frac{12}{31}\frac{?}{2020},$ Reality Inc.$\text{'}$s retained earnings was $$475,000.$ The company paid dividend of

$$100\mathrm{.}000.$ On its previous balance sheet, at $\frac{12}{31}\frac{?}{2019},$ the company's retained earings was $$445,000.$

No shares were repurchased during $2020.$ How much was the company's net income during $2020?$

Show work for both so i can learn please!