Case four : (20 marks) During 2019 ROD Company has the following changes in its ordinary outstanding: Dates Shares changes Number of shares January 1 Beginning balance 280000 February 28 Issued 20000 May 31 Acquisition of share for treasury 50000 August 1 20% share dividends Oct 1 shares issued for cash 120000 Nov. 1 Sold treasury shares 30000 Dec 1 Share split 1to3 after treasury Dec 1 After split issued 150,000 Other information: 1- Company has 2% convertible bonds (every sio bonds can be convert for one ordinary share) at S5000000, 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 88, the share par value was 55 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