Company A has the following information for 2020: 1. Net income $5,000,000 2. Convertible 5% bonds. Each of the 3000, $1,000 bonds is convertible into 50 common shares for the next 10 years 3. Common shares, 200,000 shares issued and outstanding during the entire year for a total amount of $ 2,000,000 4. Stock options outstanding allowing investors to buy 20,000 common shares of Company A at $20 per share. 5. $ 4,000,000 of 10 year 7% callable convertible bonds with a face value of $1,000. The current conversion ratio is 15:1 and in two years it will increase to 20:1. The bonds were sold at 98 to yield a 7.29 effective interest rate. Required: Using IFRS standards calculate basic and diluted earnings per share for 2020.Average market price per share of Company A for 2020 was $ 30. Tax rate is 40%. Company A has the following information for 2020: 1. Net income $5,000,000 2. Convertible 5% bonds. Each of the 3000, $1,000 bonds is convertible into 50 common shares for the next 10 years 3. Common shares, 200,000 shares issued and outstanding during the entire year for a total amount of $ 2,000,000 4. Stock options outstanding allowing investors to buy 20,000 common shares of Company A at $20 per share. 5. $ 4,000,000 of 10 year 7% callable convertible bonds with a face value of $1,000. The current conversion ratio is 15:1 and in two years it will increase to 20:1. The bonds were sold at 98 to yield a 7.29 effective interest rate. Required: Using IFRS standards calculate basic and diluted earnings per share for 2020.Average market price per share of Company A for 2020 was $ 30. Tax rate is 40%