The following is the abridged statement of comprehensive income of Sunlite Ltd for the year ended 31st March 2020 and 2019 2020 2019 N$ N$ 3 862 500 3 012 000 186 750 165 300 Profit from operations Dividends received Profit before tax Income tax Profit for the period 4 049 250 3 177 300 (1 313 300) (1 636 750) 2 412 500 1864 000 The issued ordinary share capital of Sunlite Ltd on 1st April 2018 was 1 800 000 shares of N$1 each. On 31st July 2018 the company issued 450 000 shares for cash. On 1st August 2019 the company made a bonus issue of three shares for every ten held. On 31st December 2019 a rights issue was made of one share for every nine held at 5 percent less than market value Dividends of N$1 100 000 (2012 - N$950 000) were paid to ordinary shareholders on 31st March 2020. Non-cumulative 10% preference dividends paid were N$100 000 (2019) and N$100 000 for the year ended 31st March 2020. REQUIRED Calculate basic EPS for the years ended 31st March 2019 and 2020. Show all relevant workings. (25 marks) The following is the abridged statement of comprehensive income of Sunlite Ltd for the year ended 31st March 2020 and 2019 2020 2019 N$ N$ 3 862 500 3 012 000 186 750 165 300 Profit from operations Dividends received Profit before tax Income tax Profit for the period 4 049 250 3 177 300 (1 313 300) (1 636 750) 2 412 500 1864 000 The issued ordinary share capital of Sunlite Ltd on 1st April 2018 was 1 800 000 shares of N$1 each. On 31st July 2018 the company issued 450 000 shares for cash. On 1st August 2019 the company made a bonus issue of three shares for every ten held. On 31st December 2019 a rights issue was made of one share for every nine held at 5 percent less than market value Dividends of N$1 100 000 (2012 - N$950 000) were paid to ordinary shareholders on 31st March 2020. Non-cumulative 10% preference dividends paid were N$100 000 (2019) and N$100 000 for the year ended 31st March 2020. REQUIRED Calculate basic EPS for the years ended 31st March 2019 and 2020. Show all relevant workings. (25 marks)