The following information relates to Willowdale Ltd's financial statements for the year ended 31 December 20X6 a On 1 January 20X6, Willowdale's capital structure consisted of the following 468,000 common shares, issued for $5.84 million were outstanding 68,000 preferred shares bearing cumulative dividend rights of $23 per year. $118 million (par value) of 5% convertible bonds ($1,000 face value), with interest payable on 30 June and 31 December of each year Each $1.000 bond is convertible into 50 common shares, at the option of the holder, at any time before 31 December 20X11. Interest expensed on the convertible bonds was $89.000 Outstanding options for 59,000 common shares at a price of $23 per share. The average market value of common shares during the period was $20 b. On 30 September 20X6, Willowdale issued an additional 118,000 common shares for $1.68 million cash. Willowdale reported earrings of $3.30 million for the year ended 31 December 20X6 net of tax of 25% Required: Calculate the basic and diluted earnings per share figures for 20X6. (Round your answers to 2 decimal places.) 2006 Basic earings per har Diluted earnings per share