Case four: (20 marks) During 2020, ROD Company has the following changes in its ordinary outstanding: 4 Dates Shares changes Number of shares 1-Jan Beginning balance 480,000 1-Mar Issued 120,000 1-Jun Acquisition of share for treasury 60,000 1-Aug share split 1to4 1-Oct shares issued for cash 400,000 Nov. 1 Sold treasury shares 60000 1-Dec share dividend 25% 1-Dec After dividendt issued 150,000 Other information: 1- Company has 1.5% convertible bonds (every $8 bonds can be convert for one ordinary share) at $6000000, interest at every December 31 2- Share options for the manager was outstanding during the period, the option was rights to manager to purchase 15000 shares at $8, the share par value was $5 and the market price $12. 3- 5% cumulative preference share (20000 shares at $15), there isn't dividend in arrears. 4- 7% cumulative preference share (10000 shares at $20), there isn't dividend in arrears can be convert to 100,000 ordinary shares. 5- The beginning balance for retained earnings 1,200,000, net income after tax 420,000, 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 2020?