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Sunland Inc. has 0.95 million common shares outstanding as at January 1, 2020. On June 30, 2020,4% convertible bonds were converted into 120,000 additional shares.

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Sunland Inc. has 0.95 million common shares outstanding as at January 1, 2020. On June 30, 2020,4% convertible bonds were converted into 120,000 additional shares. Up to that point, the bonds had paid interest of $280,000 after tax. Net income for the year was $1.298,010. During the year, the company issued the following: 1 June 30: Sept. 30: 2 14.820 call options giving holders the right to purchase shares of the company for $33 19,820 put options allowing holders to sell shares of the company for $28 On February 1. Sunland also purchased in the open market 14820 call options on its own shares, allowing it to purchase its own shares for $30. Assume the average market price for the shares during the year was $38. Calculate the required EPS numbers under IFRS. For simplicity, ignore the impacthat would result from the convertible debt being a hybrid security. (Round answers to 2 decimal places, es 15.25.) Basic EPS $ Diluted EPS 5 Show the required presentations on the face of the income statement. (Round answers to 2 decimal places, eg. 15.25) Sunland Inc. Partial Income Statement Earnings Per Common Share: Basic Earnings Per Share $ Diluted Earnings Per Share S

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