Question 2 The following Income Statement extract has been provided in relation to Fawn Ltd.: Fawn - Income Statement for the year ended 31 December 2016 Profit/(Loss) Before Interest and Tax Finance Costs Profit/(Loss) Before Tax Tax (Expense)/Relief Profit/(Loss) After Tax 2016 '000 600 (200) 400 (50) 350 Additional Information: Fawn had 10m shares in issue on 1 January 2016. On 1 April 2016 it issued 2m shares for their full market value. Fawn has a convertible bond in issue that has a carrying value on its SOFP of 10m. Each elm block of this bond is convertible to 100,000 shares. Interest expense for this bond for the year ended 31 December 2016 was 50,000. Fawn pays corporation tax at a rate of 10%. Required: a) Calculate the Basic Earnings per Share and Diluted Earnings per Share figures for Fawn Ltd. for the year ended 31 December 2016. Show all workings clearly. (9 marks)