ory ers Ltd is $200 0 June 2020. payment to is to be cent. Dr Inventory of crude oil 2 000 Cash, payables, accumulated depreciation, etc. 2 000 e oks (400 x 5.00) Cash/receivables 6 250 Sales revenue 6 250 (250 x 25.00) Dr Cost of goods sold 2 699 Inventory of crude oil 2 699 [(2268 + 50 + 2000)/400] x 250 = 2699 Tutorial 9 Earnings Per Share 5. For the year ending 30 June 2019, Sandon Point Led reports net profit after tax of $500 000. At the beginning of the year, Sandon Point Ltd had 800 000 fully paid ordinary shares. It also had 100 000 $1.00, 10 per cent, cumulative preference shares outstanding. The preference shares were classified as equity. On 1 September 2018 the company issued another 200 000 fully paid ordinary shares by way of a rights issue. The right provided an additional share for each four held, and required the payment of $1.50. The last cum rights share price was $2. The basic EPS for the year ended 30 June 2018 was $1.95. REQUIRED Compute the basic EPS amount for 2019, and provide the adjusted comparative EPS for 2018. 5. Earnings calculation