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1) Anchi Company reported profit for the year amounting to P4,000,000, Anchi has the following equity instrument: . 10,000, 10% cumulative preference shares issued and outstanding with par value of P400 per share. . 20,000, 5%, non-cumulative preference shares issued and outstanding with par value of P80 per share. . 11,000 ordinary shares issued and outstanding with par value of P20 per share. Anchi Company declared the following dividends during the year: . P600,000 to cumulative preference shares; . P100,000 to non-cumulative preference share; and . P110,000 to ordinary shares. Dividends in arrears on cumulative preference share as of the beginning of the year amounted to P800,000. There were no issuance or acquisitions of ordinary shares during the period. How much is the earnings per share for the period? A. 320.00 B. 318.18 C. 310.00 D. 308.18Use the following information for the next two (2) questions: Pacito Corp. had 250,000 ordinary shares outstanding on January 1, 2020, prior to 2020, the company issued 6,000, P1,000 face value, 10% convertible bonds. The company has no other potentially dilutive securities. The bonds were converted on October 1, 2020 and 40 ordinary shares were issued in exchange for each bond. Accrued interest on the bonds was recorded and paid on that date. Profit for the year was P4,000,000. The income tax rate is 30% 2) How much is the basic earnings per share? A. 8.56 B. 8.81 C. 9.02 D. 12.90 3) How much is the diluted earnings per share? A. 8.56 B. 8.81 C. 9.02 D. 12.907) The following equity transaction affecting Hatchan Company during 2016 follow: Date Share change # of shares January 1 Shares outstanding 44,000 February 1 Issued for cash 56,000 May 1 Acquired treasury shares 25,000 August 1 Distributed 25% bonus issue 25% of outstanding shares September 1 Resold part of treasury shares 10,000 November 1 Issued 2-for-1 share split What is the weighted average number of outstanding shares to be used in the calculation of basic earnings per share? A. 207,500 B. 203,333 C. 201,667 D. 190,000