Diluted EPS - Convertible PS with Share Split & Share Dividends, Present at January 1 Numbers 9 and 10 On January 1, 2023, Buraka Company had 480,000 P60 par ordinary shares and 100,000, 9% P100 par convertible cumulative preference shares outstanding. The preference shares are convertible into 100,000 ordinary shares before share dividend and share split. During 2023, the following transactions affected the ordinary shares: February 1 Issued 120,000 shares March 1 Issued a 20% share dividend May 1 Acquired 100,000 treasury shares June 1 Issued a 3-for-1 split October 1 Reissued 60,000 treasury shares The net income was P32,560,000 and Buraka did not declare dividend on preference shares. 9) What amount should be reported as basic EPS for 2023? A. 16.54 B. 16.79 C. 16.96 D. 16.33 10) What amount should be reported as diluted EPS for 2023? A. 14.16 B. 13.77 C. 15.53 D. 15.97