b. For the year ended 30 June 2018.River Ltd earned a profit after tax of $990,000. Dividends on 400,000 convertible cumulative preference shares, which are treated as equity, amounted to $150,000. Interest expense on convertible debentures amounted to $35,000. As at t July 2017 there were: 500.000 fully paid ordinary shares. No additional shares were issued during the year. . 400,000 convertible cumulative preference shares (mentioned above) which can be converted into 100,000 ordinary shares at the option of the preference shareholders $250,000 in convertible debentures (mentioned above) which paid interest at the rate of 14% per annum. These can be converted to 125.000 ordinary shares at the option of the debenture holder. 10.000 share options currently on issue, with an exercise price of $4 per share. 10,000 share options currently on issue, with an exercise price of $5.5 per share. Assume the tax rate is 30% and that the average market price for ordinary shares during the year was $5 REQUIRED: For the year ended 30 June 2018 calculate the company's;(i) Basic EPS (Show all workings) (2 marks)(i) Diluted EPS (Show all workings)