b) Partial Income Statement for the company

Sheridan Inc has 1.05 million common shares outstanding as at January 1, 2020. On June 30, 2020,4% convertible bonds were converted into 110,000 additional shares. Up to that point, the bonds had paid interest of $300,000 after tax. Net income for the year was $1,298,988. During the year, the company issued the following: 1. June 30: 11,200 call options giving holders the right to purchase shares of the company for $30 16,200 put options allowing holders to sell shares of the company for $25 2. Sept. 30: On February 1, Sheridan also purchased in the open market 11.200 call options on its own shares, allowing it to purchase its own shares for $27. Assume the average market price for the shares during the year was $35. (a) Calculate the required EPS numbers under IFRS. For simplicity, ignore the impact that would result from the convertible debt being a hybrid security. (Round answers to 2 decimal places, e.g. 15.25.) Basic EPS $ Diluted EPS $ Sheridan Inc. Partial Income Statement For the Year Ended December 31, 2020 Earnings Per Common Share: Basic Earnings Per Share Diluted Earnings Per Share $ $