#11-12. On January 1, 2019, ChewyCompany had 100,000 ordinary shares outstanding.In addition, on January 1, 2019, the entity had issued 10,000 convertible cumulative 5% preference shares withP100par.The preference shares were converted on September 1, 2019.Each preference share was converted intofourordinary shares.The preference dividends for the entire year were paid in full before the conversion.The entity had no other potentially dilutive securities.The net income for the year was P2,000,000.

11.What amount should be reported as basic earnings per share?

12.What amount should be reported as diluted earnings per share?

13.Pump Company accounted for noncurrent assets using the revaluation model.On October 1, 2017, the entity classified a land as held for sale.The carrying amount of the land was P5,000,000and the balance in the revaluation surplus was P1,500,000.

At the same date, the fair value of the land was estimated at P4,500,000and the cost of disposal is P100,000.

On December 31, 2017, the fair value of the land was P4,600,000and the cost of disposal was P150,000.The land was sold on January 31, 2018 for P4,700,000.What amount should be reported as gain on disposal of land in 2018?