Hi can you please help me and provide me with a step by step answer to this question?

Oak and Maple Inc. (Oak and Maple) is a small public furniture company with a December 31 year-end.

The following information is available for Oak and Maple for 2019:

January 1, 2019, common shares outstanding150,000

May 1, 2019, common shares issued50,000

June 1, 2019, common stock dividend5%

November 1, 2019, repurchase of common shares(30,000)

January 1, 2019, 5% cumulative preferred shares, convertible

into 20,000 common shares (adjusted for stock dividend)

at option of holder$200,000

Common shares average market price during 2019,

(adjusted for stock dividend)$35

Income tax rate for fiscal year 201925%

2019 net income$225,000

Written (put) options for 30,000 Oak and Maple common shares have been outstanding for the entire 2019 year. After adjusting for the stock dividend, the put options give the option holder the right to sell 30,000 Oak and Maple common shares to the company at an exercise price of $50.

On July 1, 2018, Oak and Maple issued 5 year, $120,000 face value, 4% convertible bonds. The fair value of the debt portion of the bonds was $105,000 on date of issue. The bonds pay interest annually, and each $1,000 bond is convertible into 90 common shares, after adjusting for the stock dividend. None of the bonds have been converted.

Question:

a)Calculate Oak and Maple's diluted EPS for the year ending December 31, 2019.

b) Oak and Maple reported $1.12 diluted EPS in 2018. What amount would the company show in their 2019 comparative financial statements for 2018 diluted EPS?