The information below pertains to Barkley plc for 2019. Net income for the year1,200,000 8% convertible bonds issued at par (1,000 per bond); each bond is convertible into 30 shares of ordinary shares; the liability component of the bonds is 1,800,000 based on a market rate of 9%2,000,000 6% convertible, cumulative preference shares, 100 par value; each share is convertible into 3 shares of ordinary shares4,000,000 Ordinary shares, 10 par value 6,000,000 Tax rate for 201940% Average market price of ordinary shares25 pershare There were no changes during 2019 in the number of ordinary shares, preference shares, or convertible bonds outstanding. There are no treasury shares. The company also has ordinary share options (granted in a prior year) to purchase 75,000 ordinary shares at 20 per share.

Instructions

a. Compute basic earnings per share for 2019.

b. Compute diluted earnings per share for 2019.