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: 464,000 common shares, issued for $5.82 million, were outstanding. 64,000 preferred shares bearing cumulative dividend rights of $19 per year. $1.14 million (par value) of 7% 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 $87,000. Outstanding options for 57,000 common shares at a price of $19 per share. The average market value of common shares during the period was $20. . b. On 30 September 20X6, Willowdale issued an additional 114,000 common shares for $1.64 million cash. c. Willowdale reported earnings of $2.90 million for the year ended 31 December 20X6 net of tax of 30%. Required: Calculate the basic and diluted earnings per share figures for 20X6. (Round your answers to 2 decimal places.) 20X6 Basic earnings per share Diluted earnings per share