A company had 150000 ordinary shares for the year ended 21 December 2021 Extracts from the Statement of Profit and Loss for the year ended 31 December 2022 were as follows

Earnings $1,200,000

Additional Information

1. The company has 5% Convertible loan stock of $200,000 which can be converted to $20 for Lordinary share as at 01 January 2022 2. On 01 March 2022, the company Issued new shares of 30,000 Ordinary Shares 3. On 01 June 2022, the company made a further issue of 20,000 Ordinary Shares 4 On 01 September 2022, there was a bonus issue of 1 for every 4 shares held 5. On 31 October 2022, the was another issue of 10000 Ordinary Shares

Required

a) Calculate Basic Earnings Per Share