The parent company of SPI-K, ABCd Group Inc. reported the following information in its financial statements for the quarter ended June 30, 2021.

	March 31, 2021	June 30, 2021
Common Shares	100,000	100,000
Contributed Surplus	15,000	15,000
Retained Earnings	45,000	45,000
Total Shareholder Equity	160,000	160,000

Net Income for June 30, 2021 was $5,000 and dividends declared and paid was $5,000.

Required:

1. Calculate EPS and ROE for June 30, 2021.
2. Assume that ABCd Group Inc. repurchases 10,000 of its common shares at a price of $5 per share on July 1, 2021. The company had a net income of $5,000 and declared and paid a dividend of $5,000 for the quarter ending September 30, 2021. Calculate EPS and ROE for September 30, 2021.
3. Now compare the calculations for EPS and ROE for June 30, 2021, and September 30, 2021, and determine what the impact was on the repurchase of shares.?