Question #1 Bandit had in issue on June 1, 2017 5,000,000, $1 equity shares. Bandit made a rights issue of 1 for every 4 shares held on August 1, 2017 at an exercise price of $3. The mid-market price was $4. The earnings for year ended Dec 31, 2017 that is available for equity shareholders was $3,000,000. The EPS disclosed at December 31, 2016 was 54 cents. Required: Compute the basic EPS and restate the prior year comparative figure