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.