Dimaculangan Company has 50,000 ordinary shares outstanding on December 31, 2X19. During the same year, the company has a net income amounting to P1,000,000. Compute the basic EPS in the following independent scenarios:

a.There are no preference shares issued.

b.Dimaculangan issued 10,000 shares of 10%, 100 par, cumulative, preference shares.

c.Dimaculangan issued 10,000 shares of 10%, 100 par, noncumulative, preference shares, and declared dividends on the preference shares amounting to P300,000.