3: (25 Marks) Consider Part A and Part B below separately: Part A: (9 Marks) On January 1, 2022, Trust Corporation had 1,000,000 ordinary shares outstanding. On March 1, the corporation issued 150,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 share split. On October 1, the corporation purchased on the market 600,000 of its own outstanding shares and retired them. Required: Compute the weighted average number of shares to be used in computing earnings per share for 2022. Show all your workings. [9 marks] Part B: (16 Marks) Strick Corp. had 500,000 net income in 2022. On January 1, 2022 there were 200,000 ordinary shares outstanding. On April 1, 20,000 shares were issued and on September 1, Strick bought 30,000 treasury shares. There are 30,000 options to buy ordinary shares at HK$40 a share outstanding. The market price of the ordinary shares averaged HK$50 during 2022. The tax rate is 40%. During 2022, there were 40,000 shares of cumulative convertible preference shares outstanding. The preference is HK$100 par, pays HK$3.50 a year dividend, and is convertible into three ordinary shares. Strick issued HK$2,000,000 of 8% convertible bonds at face value during 2021. Each HK$1,000 bond is convertible into 30 ordinary shares. Required: Compute (1) basic and (2) diluted earnings per share for 2022 in accordance with HKAS 33. Show all your workings. (Note that the information given in Part A is not relevant to the question in Part B.) [16 marks]