The capital structure and the operating results of City Ltd. are as follows: Capital structure: Issued share capital as at 31-12-2017: 5,000 ordinary shares of no par value each 1,000 10% cumulative preference shares of $5 each Trading results for year ended 31-12-2018 (Extract): 2017 2018 Profit before tax $4,000 $5,000 Less: Profits tax 500 1,000 Net profit for the year $3,500 $4,000 On 1 July 2018, City Ltd. issued 1,000 ordinary shares by way of rights in proportion of 1 for 5 at $8 per share. Number of preference shares issued remained unchanged. Fair value per share prior to exercise of rights was $10. Required: Compute Basic EPS for 2017 and 2018. Restate Basic EPS for 2017. Express your answer in cents