Sheridan Inc. has 1.05 million common shares outstanding as at January 1, 2020. On June 30, 2020, 4% convertible bonds were converted into 110,000 additional shares. Up to that point, the bonds had paid interest of $940,000 after tax. Net income for the year was $1,298,988. During the year, the company issued the following: 1. June 30 11,200 call options giving holders the right to purchase shares of the company for $30 2. Sept. 30 16,200 put options allowing holders to sell shares of the company for $25 On February 1, Sheridan also purchased in the open market 11,200 call options on its own shares, allowing it to purchase its own shares for $27. Assume the average market price for the shares during the year was $35. Assume further the following: 1. On September 30, 220,000 convertible preferred shares were redeemed. If they had been converted, these shares would have resulted in an additional 110,000 common shares being issued. The shares carried a dividend rate of $3 per share to be paid on September 30. No conversions have ever occurred. 2. There are 9,400 of $1,000, 10% convertible bonds outstanding with a conversion rate of three common shares for each bond starting January 1, 2021. Beginning January 1, 2024, the conversion rate is six common shares for each bond; and beginning January 1, 2028, it is nine common shares for each bond. The tax rate is 30%. (a1) Calculate weighted common shares outstanding. Weighted common shares outstanding Calculate the required EPS numbers under IFRS. For simplicity. ignore the impact that would result from the convertible debt being a hybrid security. (Round answers to 2 decimal places, es. 15.25.) Basic EPS $ Diluted EPS $ Show the required presentations on the face of the income statement. (Round answers to 2 decimal places, e.g. 15.25.) Sheridan Inc Partial Income Statement For the Year Ended December 31, 2020 Earnings Per Common Share: Basic Earnings Per Share $ Diluted Earnings Per Share $