CloudMatrix Ltd started operations on 1 January 2020. Below are the financial records for the first two years of trading:

Year Ended 31 December	Trading Profit (Loss) £	Profit (Loss) on Non-Current Assets £	Upward Revaluation of Non-Current Assets £
2020	(25,000)	0	5,000
2021	15,000	2,000	8,000

Requirements:

1. Calculate the total net profit for each year, considering trading profit, profit (loss) on non-current assets, and upward revaluation of non-current assets.
2. Assuming CloudMatrix Ltd paid out the maximum legal dividend each year, calculate the dividend for each year.
3. Prepare a summarized income statement for the year ended 31 December 2021.