Q1. (a) The following information was obtained from Velson Manfacturing Berhad's Annual report Ordinary Shares 3,500,000 sharescutstanding for the entire year. Convertible Preferred Stock 650,000 shares outstanding for the entire year. Convertible into 300,000 shares of ordinary shares Convertible Bonds RM8.000.000 10% bourds, sold at par, convertible into 400.000 shares of ordinary shares Employee stock Option Options to purchasc 200,000 shares at RM15 have heen outstanding for the entire year. Additional Information: Nel income: RM5.500.000 Preferred dividend: RM85.000 Marginal Tax rate: 25% Average market price of ordinary slure RM40 (per share) Required: (i) Cumpule Basic Earnings Per Share 16 marks) (ii) Compute Diluted Farnings Per Share (10 marks)