Rosy Ltd determined its profit attributable to ordinary shareholders for the reporting period ended 30 June 2020 as $1,200,000. The number of ordinary shares on issue up to 1 October 2019 was 1,000,000. Rosy Ltd announced a three-for-five bonus issue (three bonus shares for every five shares held) of shares effective for each ordinary share outstanding at this date. Required: What is the basic earnings per share for the year ended 30 June 2020 (keep two decimal places)? Show all your workings