1.On January 2, 2014, Loft Company issued at par 3,000,000 5-year, 10% bonds convertible in total into 200,000 shares Of Loft's ordinary shares Without the conversion option, the bonds were selling at the prevailing of interest of 12%. Interest is payable every December 31, No bonds were converted during 2014. Throughout 2014, Loft had 500,000 shares of ordinary shares outstanding. Loft's 2014 net income was P5,500.0O0. Loft's tax rate is 32%.

No other potentially dilutive securities other than the convertible bonds were outstanding during 2014. For2014, how much is the diluted earnings per share?

2.The following information pertains to the White Company for the year ended December 31, 2014:

Sales to unaffiliated customersP10,000,000

Inter-segment sales Of products similar to those sold to

unaffiliated customers2,000,000

White Company and all of its divisions are engaged solely in manufacturing operations.

White has a reportable segment if the segment's revenue will total to what amount?