3 024120 The following information relates to Willowdale Ltd's financial statements for the year ended 31 December 20X6: a. On 1 January 20X6, Willowdale's capital structure consisted of the following: . 466,000 common shares, Issued for $5.83 million, were outstanding 66,000 preferred shares bearing cumulative dividend rights of $21 per year $116 million (par value) of 6% convertible bonds ($1,000 face value), with Interest payable on 30 June and 31 December of each year. Each $1,000 bond is convertible into 65 common shares, at the option of the holder, at any time before 31 December 20X11. Interest expensed on the convertible bonds was $88,000 Outstanding options for 58,000 common shares at a price of $21 per share. The average market value of common shares during the period was $25 b. On 30 September 20X6, Willowdale issued an additional 116.000 common shares for $1.66 million cash. c. Willowdate reported earnings of $3.10 million for the year ended 31 December 20X6 net of tax of 35%. Required: Calculate the basic and diluted earnings per share figures for 20X6. (Round your answers to 2 decimal places.) 20X6 Basic oamings por share Diluted eaming portare