QUESTION Question 3 Tulip Bhd manufactures toys and has been in the business since 2001. The company is listed on the Bursa Malaysia since 2005 and operates in Kempas Utama Industrial Park, Johor. The financial year ends of the company is on 31 December each year. The following data was extracted from the company's books, 1. On | January 2018, the issued share capital of Tulip Bhd consisted of 120,000,000 ordinary shares of RM1.20 each and 1,500,000 preference shares of RMI each. 2. RM1,200,000 10% convertible debentures were issued on 1 January 2018. These debentures are convertible into ordinary shares on the basis of 50 shares per RM40 debentures. On 30 June 2018, 30% of the debentures were converted, 3. Tulip's basic earnings per share for the year ended 31 December 2018 is 36 sen. The weighted average number of equity shares outstanding for the calculation of the basic earnings per share is 40,000,000. 4. Profit after tax for the year amounted to RM13,500,000 5. The company declared preference dividend amounting to RM500,000 on the year ended 31 December 2018. 6. Tax rate for 2018 is at 24%. Required: a. Prepare the calculation for the diluted earnings per share (DEPS) for the year ended 31 December 2018 in accordance to the MFRS133 Earning Per Share. (12 marks) Continued