QUESTION 4 (25 marks) The following is the abridged statement of comprehensive income of Sunlite Ltd for the year ended 315 March 2020 and 2019. Profit from operations Dividends received Profit before tax Income tax Profit for the period 2020 N$ 3 862 500 186 750 4 049 250 (1 636 750) 2412 500 2019 NS 3012 000 165 300 3 177 300 (1 313 300) 1 864 000 The issued ordinary share capital of Sunlite Ltd on 1st April 2018 was 1 800 000 shares of N$1 each. On 31st July 2018 the company issued 450 000 shares for cash. On 15 August 2019 the company made a bonus issue of three shares for every ten held. On 31" December 2019 a rights issue was made of one share for every nine held at 5 percent less than market value Dividends of N$1 100 000 (2012 - N$950 000) were paid to ordinary shareholders on 31 March 2020. Non-cumulative 10% preference dividends paid were N$100 000 (2019) and N$100 000 for the year ended 31" March 2020. REQUIRED Calculate basic EPS for the years ended 31 March 2019 and 2020. Show all relevant workings. (25 marks)