The following information is available for Joey Company Ltd., which reports its financial results in accordance with IFRS:

Activity Ordinary Shares Outstanding

January 2, 2020 Opening Balance 50,000

March 1, 2020 20% stock dividend 60,000

June 1, 2020 Two for one stock split 120,000

December 1, 2020 Repurchase 30,000 shares 90,000

Capital structure as at December 31, 2020:

8% bonds $ 1,000,000

7% convertible bonds each $ 1,000 bond is convertible into 7.5 ordinary shares $ 850,000

5% non cumulative preferred shares $ 500,000

4% cumulative preferred shares each $ 100 preferred share is convertible into 4 ordinary shares $ 400,000

Ordinary shares $ 1,000,000

Option A grants the holder the right to purchase 10,000 ordinary shares at any time for $ 25.

Other information:

Net income for 2020 : $ 800,000

Income tax rate during 2020 : 32%

The average market price for 2020 for Joeys ordinary shares was $ 21.

The bonds and preferred shares were outstanding for the entire year.

Dividends were not declared on either series of the preferred shares in 2020.

Computer Joeys basic and diluted earnings per share (EPS) for the year ended December 31, 2020.