L04 19.9 Effect of share options on diluted earnings per share ** Ryan Ltd determines its profit attributable to ordinary shareholders for the reporting period ended 30 June 2023 as $48 000. The company has calculated its weighted average number of ordinary shares on issue during the period as 240 000. The weighted average number of shares under share options arrangements during the period is 12 000. The average market price of the entity's shares during the period is $1.20 per share, and the exercise price of shares under option is $0.75. Required Prepare a schedule setting out the calculation of basic and diluted earnings per share