Jamie Company had the following shareholders' equity as at 1 January 2019: $600,000 8% convertible cumulative preference shares, $10 par, 100,000 authorized, 60,000 shares issued and outstanding; 2 shares of preference shares are convertible into 3 shares of ordinary shares..... Ordinary shares, $10 par, 500,000 shares authorized, 320,000 issued and 300,000 shares outstanding. Share premium - preference. Share premium - ordinary.. Retained earnings.. 3,200,000 60,000 840,000 $4,700,000 700,000 $5,400,000 400.000 $5,000,000 Less: Cost of treasury shares (20,000 shares).. Also outstanding at 31 December 2019 were: (1) Share options for 30,000 shares of ordinary shares were granted in 2018. The exercise price is $12 per share. The inary shares had average market price of $16 during 2019. (2) On 1 January 2019, 5% convertible bonds were issued at par for $500,000. Each $1,000 bond is to be convertible into 80 shares of ordinary shares. Interest expense of $23,000 is recorded on the liability component of the bonds. 2 (3) Number of ordinary shares outstanding during the entire 2019 was 360,000 shares. No bonds or preference shares were converted during 2019. Net income for year 2019 was $336,000 and the tax rate was 30% Required: Compute the basic and diluted earnings per share for year 2019. (Calculate to 2 decimal places)