Ashante Sports Collections Ltd. (ASCL) ended 20X5 with 760,000 common shares outstanding, after issuing 215,000 common shares for cash on 31 December. The tax rate is 40%. There were no other common share transactions during the period. Net earnings were $1,330,000. The following elements are part of ASCL's capital structure a. ASCL had $5.300.000 (par value) of 6% bonds payable outstanding during the year. The bonds are convertible into 80 common shares for each $1,000 bond. Bond interest expense was $406,000 for the b. ASCL had 43,000 options outstanding throughout 20X5 to purchase 150,000 common shares for S6 per c. ASCL had 73,000, $1.55 preferred shares outstanding. The shares were cumulative. No dividends were d. ASCL had a contingent share agreement outstanding to issue 53,000 common shares to the prior share. The average share price during the year was $18. The options were not exercisable until 20x0 declared in 20X6. The shares were convertible into 53,000 common shares. shareholders of a company that ASCL had acquired in 20X2. The shares become issuable if the acquired company's operations accumulate $5,300,000 of post-acquisition eamings before the end of 20X8. Earnings have been $3,530,000, to date, and the target is expected to be met in 20X7 e. ASCL had $8.300.000 (par value) of 5% bonds payable, issued on 31 March 20X5. The bonds are convertible into 40 common shares for each $1,000 bond. Bond interest expense was S287,250 for the 8 months of the year that the bond was outstanding Required Compute basic and diluted EPS for 20X5. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 20x5 Basic EPS Diluted EPS Ashante Sports Collections Ltd. (ASCL) ended 20X5 with 760,000 common shares outstanding, after issuing 215,000 common shares for cash on 31 December. The tax rate is 40%. There were no other common share transactions during the period. Net earnings were $1,330,000. The following elements are part of ASCL's capital structure a. ASCL had $5.300.000 (par value) of 6% bonds payable outstanding during the year. The bonds are convertible into 80 common shares for each $1,000 bond. Bond interest expense was $406,000 for the b. ASCL had 43,000 options outstanding throughout 20X5 to purchase 150,000 common shares for S6 per c. ASCL had 73,000, $1.55 preferred shares outstanding. The shares were cumulative. No dividends were d. ASCL had a contingent share agreement outstanding to issue 53,000 common shares to the prior share. The average share price during the year was $18. The options were not exercisable until 20x0 declared in 20X6. The shares were convertible into 53,000 common shares. shareholders of a company that ASCL had acquired in 20X2. The shares become issuable if the acquired company's operations accumulate $5,300,000 of post-acquisition eamings before the end of 20X8. Earnings have been $3,530,000, to date, and the target is expected to be met in 20X7 e. ASCL had $8.300.000 (par value) of 5% bonds payable, issued on 31 March 20X5. The bonds are convertible into 40 common shares for each $1,000 bond. Bond interest expense was S287,250 for the 8 months of the year that the bond was outstanding Required Compute basic and diluted EPS for 20X5. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 20x5 Basic EPS Diluted EPS