You are given the following information for Y Ltd for the year ending 30 June 2019.

Net profit before tax $1 455 000

tax expense ($655 000

) Profit after tax $800 000

Non-controlling interest ($100 000

) Dividends:

Preference ($100 000) Ordinary ($300 000)

Increase in retained earnings $300 000

The company has 2.4 million fully paid ordinary shares on issue at July 2018 and 2 million, 5 per cent, $1.00 preference shares. On 1 January 2019 the company issued a further 600 000 ordinary shares at full market price and on 1 May 2019 the company made a one-for-three bonus issue. The last sale price before the issue was $1.50. REQUIRED Calculate the basic earnings per share of Y Ltd for the year ending 30 June 2019

as following this answer

			Weighted average of outstanding ordinary shares	Earnings $	EPS $
365/365		2 400 000/0.75*	3 200 000
181/365		600 000/0.75*	396 712
61/365		1 000 000	167 123
			3 763 835	600 000**	$0.1594

how did i get 61/365 * 1000000 <- this 1m of number?