Net Income for the year - $1,200,000

8% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of ordinary shares; the liability component of the bonds is $1,800,000 based on a market rate of 9% - $2,000,000

6% convertible, cumulative preference shares, $100 par value; each share is convertible into 3 shares of ordinary shares. $4,000,000

Ordinary shares, $10 par value -$6,000,000

Tax rate for 2019 - 40%

Average market price of ordinary shares - $25 per share

a. Compute basic earnings per share for 2019

b. Compute diluted earnings per share for 2019

c. State the Presentation and Disclosure requirements