(a) On 31 December 2022, Happy Limited ("Happy") had 400,000,000 shares of ordinary shares and 6,000,000 shares of 9%,$100 par value cumulative preference shares issued and outstanding. On 1 April 2023, Happy purchased 48,000,000 shares of its ordinary shares on the open market as treasury stock. Happy declared a 5% bonus issue on 1 July, 2023. 6,000,000 additional shares were issued on 1 September 2023. Net income for the year ended 31 December 2023 was $300,000,000. Required: Compute Happy Limited's Basic Earnings per Share (EPS) for 2023. Answer should be rounded to 2 decimal places. (Marks will go to the detailed steps of calculation) (10 marks)