(a) GHJ, a listed entity, has 1,000,000 ordinary shares in issue throughout 20X8. The profits after tax for the period total $800,000. The entity has two convertible financial instruments in issue: $500,000 10% loan stock, each $1,000 of stock having the right to convert into 2,000 ordinary shares. (500,000R100)2=1,000/00o Shi 400,000 convertible $1 non-equity shares, paying a dividend of 10p per share. Each preference share is convertible to 2 ordinary shares. 800,0008h. Requirement Calculate the basic and diluted earnings per share for GHJ assuming a tax rate of 30%. (6 marks) share. (b) ACD, another listed entity, has earnings per share in 20X7 of 25 cents per ACD has 4,000,000 ordinary shares in issue throughout 20X7. In 20X8 1,500,000 ordinary shares were issued by way of a capitalisation (bonus) issue. The profits after tax for the year were $1,200,000./55.00.000 Requirement Calculate the EPS for 20X8 and the restated eps for 20X7 that will be included in the 20X8 financial statements.