c) Frank Ltd had changes in its ordinary shares outstanding for 2021 as shown below: Date January 1 April 1 July 1 November 1 Ordinary Share Changes Beginning balance: 90,000 shares Issued 30,000 shares at $1 each Purchased 39,000 shares of its own at $1.20 each Issued 60,000 shares at $1.50 each Additional information: 1. Net income for 2021 was $2,000,000. 2. 10% 25,000 issued cumulative, convertible preference shares, par value RM100. The preference shares were issued on January 1, 2020. Each preference share is convertible into four ordinary shares. REQUIRED: (i) Perform computation on weighted-average number of ordinary shares outstanding. (7 marks) (11) Perform computation on Basic Earnings per Share, assuming no conversion of preference shares. (4 marks) (iii) Perform computation on Diluted Earnings per Share, assuming conversion of preference shares at the beginning of the year. (6 marks)