Presented below is information related to Ziva Company.

1. Net Income [including an extraordinary gain (net of tax) of $160,000].	$520,000
2. Capital Structure
a. Cumulative $8, preferred shares, no par, 6,000 shares issued and outstanding	$600,000
b. Common shares, 76,000 shares outstanding on January 1. On April 10, 40,000 shares were issued for cash. On September 16, 16,000 shares were purchased and retired.	$1,000,000
3. Other Information
a. Average market price per common share during the entire year.	$30
b. Income tax rate	30%

Required:

Calculate basic earnings per share for the current year in accordance with IFRS.