For the year ending December 31,2020 , Westron Ltd. reported basic eamings per share of $5 as a result of having $1,500,000 in net profit available to ordinary shareholders and 300,000 weighted average number of common shares. Westron Ltd. shares are trading at $10.00 per share and Westron has a 20% tax rate. The following potentially dilutive elements exist for the year ending December 31 , 2020: 1. 20,000, \$6 cumulative preferred shares are convertible to common shares at a rate of 2 common shares for each preferred share. 2. $1,600,000,8%, convertible bonds. The bonds were issued at par and each $1,000 bond was convertible to 60 common shares. 3. 30,000 options allowing the purchase of 45,000 shares at $11 per share. The options become exercisable in 2021. 4. 8,000,000,10% convertible bonds. The bonds were issued at par and each $1,000 bond was convertible to 10 common shares. 5. 40,000 options allowing the purchase of 80,000 shares at $6 per share. The options become exercisable in 2020 . Required: a. Calculate the individual dilutive effect of each dilutive security. Be sure to label each one. ( 9 marks) b. Based on your calculations in part 1 compute diluted earnings per share for Western Ltd