Financial Reporting 2

2. On 1 July 2020, Jisun Bhd had in issue 3 million ordinary shares and 41% RM5 million convertible debentures. The conversion rate for convertible debentures was every RM1,000 debentures can be converted into 400 ordinary shares. The following information is available for year ended 30 June 2021: (a) On 1 July 2020. Jisun Bhd issued 8% RM4 million convertible preference shares (which consists of 4 million preference shares). The conversion rate for convertible preference was: 120 ordinary shares for every 500 preference shares. (b) Jisun Bhd issued options to senior executives on 1 July 2020. These options are exercisable on or before 30 June 2023. The option is to subscribe for 1,000,000 ordinary shares at RM1.80 each. The company's average price of one ordinary share during year ended 30 June 2021 was RM2.20. (c) The profit after tax for year ended 30 June 2021 was RM1,700,000. Full year preference dividend was declared on 28 June 2021. Debenture interest Required: Calculate the basic and diluted earnings per share for the years ended 30 June 2021. Assume the tax rate is 28%. [10 Marks