|| Case four: (20 marks) During 2019 ROD Company has the following changes in its ordinary outstanding Dates January 1 February 28 May 31 August 1 Oct 1 Nov. 1 Decl Decl on: Shares changes Beginning balance Issued | Acquisition of share for treasury 20% share dividends shares issued for cash Sold treasury shares Share split 1to3 after treasury After split issued Number of shares 280000 20000 50000 120000 30000 150,000 Other informati 1- Company has 2% convertible bonds (every $10 bonds can be convert for one ordinary share) at $5000000, interest paid seminally June 30and December 31 2- Share options for the manager was outstanding during the period, the option was rights to manager to purchase 10000 shares at SS, the share par value was $5 and the market price $16. 3- 5% cumulative preference share (10000 shares at $40), there isn't dividend in arrears can be convert to 100.000 ordinary shares. 4 The beginning balance for retained earnings 1,200,000. Sales revenues 1000000, Operating expenses was 640,0000 including cost of goods sold 400,000, the interest for the years was just for bonds, other losses or gains credit 40,000, the rate of income tax was 20%. Required According to above information compute basic and diluted earning per share and represented in the income statement for the year ended 31, December 2019?