Oriole ltd provides the following information for calender yesr 2023:

1. Net income 2. Capital Structure a) $7 preferred shares, no par value, cumulative, 6,500 shares outstanding No dividends were declared during 2023. b) Common shares, 79,000 shares outstanding on January 1. On April 1, 40,000 shares were issued for cash. On October 1, 14,000 shares were purchased and retired c) On January 2, 2022, Oriole purchased Apso Corporation. $467,500 $650,000 $875,000 One of the terms of the purchase was that if Oriole's net income for 2022 or subsequent years is $447,500 or more, 50,000 additional common shares would be issued to Apso shareholders. Calculate basic and diluted earnings per share for 2023. (Round answers to 2 decimal places, e.g. 15.25.)

1. Net income $467.500 2. Capital Structure a) 57 preferred shares, no parvalue, cumulative, 6.500 shares outstanding $650,000 No dividends were declared during 2023 b) Commonshares, 79,000 shares outstanding on January 1. On April 1, 40,000 shares were issued for cash On October 1, 14,000 shares were purchased and retired $875,000 c) On January 2,2022. Oriole purchased Apso Corporation, One of the terms of the purchase was that if Orioles net income for 2022 or subsequent vears is 5447,500 or more, 50,000 additional common shares would be issued to Apso shareholders: Calculate basic and diluted earnings per share for 2023. (Round answers to 2 decimal places, es 15.25.)