1 Options were granted on July 1,2021 , to purchase 220,000 shares at 15 per share. Although no options were exercised during fiscal year 2022 , the average price per ordinary share during fiscal year 2022 was 20 per share. 2 Each bond was issued at face value. The convertible bonds will convert into ordinary shares at 50 shares per 1,000 bond. The conversion is exercisable after 5 years, and the bonds were issued in 2020 . The interest on the liability component of the convertible bonds payable for the fiscal year ending June 30,2022 , was 455,400 3 The preference shares were issued in 2020. 4 There are no preference dividends in arrears; however, preference dividends were not declared in fiscal year 2022. 5 The 1,010,000 ordinary shares were outstanding for the entire 2022 fiscal year. 6 Net income for fiscal year 2022 was 1,480,000, and the average income tax rate is 40% Question: a. Basic earnings per share b. Diluted earnings per share