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On January 1, 2022, Whispering Ltd. had 480,000 ordinary shares outstanding. During 2022, it had the following transactions that affected the ordinary share account. February

On January 1, 2022, Whispering Ltd. had 480,000 ordinary shares outstanding. During 2022, it had the following transactions that affected the ordinary share account.

February 1 Issued 117,000 shares
March 1 Issued a 20% share dividend
May 1 Acquired 101,000 treasury shares
June 1 Issued a 3-for-1 share split
October 1 Reissued 62,000 treasury shares

Assume the same facts as in part (b), except that the preference shares were cumulative. Compute earnings per share for 2022.

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