kindly do all especially the third question: zamia ltd tax saving.

b) The following details relate to two companies for year ending 31/12/2020 Company Azania Ltd Zamia Ltd Number of shares............ ...60,000 each Kshs 5............. ...60,000 each Kshs 5 8% Preference shares..... 130,000 each Kshs 5.... 8% debentures Kshs 130,000 Gross income (Kshs). .......600,000... ........600,000 Required 1) Compute for each company - earnings per ordinary share and the effective tax rate(10 Marks) ii) Effective cost of debt for Zamia Ltd (2 Marks) iii) Zamia Ltd tax savings