SonyaGas Ltd. had 1,365,000 average ordinary shares outstanding during all of 2021. During 2021, SonyaGas also had 85,500 options outstanding with exercise prices of $34 each. The average stock price of SonyaGas during 2021 was $64. This company also had 25,000 shares of preferred stock outstanding ( $1.25 dividend per share) for the entire year, each convertible into 15 shares of common stock. The company has 1,750 bonds with $100 par value and 9% annual interest, convertible into 4 ordinary shares per each bond held. SonyaGas had $2,850,000 net income for the year. The corporate tax rate is 32%. Calculate the following for SonyaGas for 2021(round the figures to avoid decimals):

a) What is the basic EPS share for 2021? (1 Mark)

b) Calculate the weighted average number of shares outstanding for 2021 3 if all dilutive securities are converted into ordinary shares at the beginning of the year? Show all workings. (4 Mark)

c) What is the diluted EPS for 2021? (1 Mark)