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: - 465,000 common shares, issued for $5.83 million, were outstanding. - 65,000 preferred shares bearing cumulative dividend rights of $20 per year. - $1.15 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 55 common shares, at the option of the holder, at any time before 31 December 2011. Interest expensed on the convertible bonds was $53,000. - Outstanding options for 57,500 common shares at a price of $20 per share. The average market value of common shares during the period was $20. b. On 30 September 206, Willowdale issued an additional 115,000 common shares for $1.65 million cash. c. Willowdale reported earnings of $3.00 million for the year ended 31 December 206 net of tax of 25%. Required: Calculate the basic and diluted earnings per share figures for 20X6. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct