Company B (CB) had the following equity structure on December 31, 2020:

Number of outstanding common shares 400,000

Number of convertible preferred shares 11,000

($ 3.50 dividend, cumulative, each can be converted into 2 common shares)

Additional information:

• • CB has $ 1,000,000 in convertible bonds paying 7%. These were issued at par. Each $ 1,000 bond can be converted into 50 common shares
• • CB has $ 2,000,000 in convertible bonds paying 6%. These were also issued at par. Each $ 1,000 bond can be converted into 60 common shares
• • CB has outstanding warrants that allow investors to purchase 22,000 common shares of CB at $61.75 per share
• • CB has outstanding stock options that allow investors to purchase 40,000 common shares of CB at $30/share
• • On March 1, 2021, CB declared and distributed a two-for-one stock split.
• • CB issued 2,000 common shares on April 1, 2021. These shares were issued since previously contingent conditions had been fully met on this date.
• • On October 1, 2021, CB issued 40,000 common shares for $50 each.
• • CB Net income was $1,500,000 for the year ended December 31, 2021.
• • The convertible bonds and preference shares have been outstanding the entire year.
• • The market price of the common shares of CB at December 31, 2021 was $ 58.
• • No conversions of preference shares or bonds occurred during 2021.
• • The company’s tax rate is 40% and the common shares’ average market price for the year was $60.
• • No dividends have been declared or paid in 2018, 2019, 2020 or 2021.The last dividend payment was in 2017.

Calculate basic and diluted EPS for 2021 using IFRS.