14Question 3 er Surprise Ltd. (SSL) was incorporated on January 1, 2018. At that time, it issued 200,000 ordinary shares; 95,000, $65, 2% preferred shares "A", and 85,000, $65, 4% preferred shares "B" On June 30, 2018, SSL issued additional 50,000 ordinary shares Net income for the year ended December 31, 2018 was $500,000. SSL neither declares nor pays dividends during the year. B preferred shares are The series A preferred shares are cumulative and the series non-cumulative Required: Compute basic Earnings Per Share (basic EPS)