Zenith Ltd has a trading profit for the year ended 31 December 2023, before dealing with the following items, of $60,000. You are to complete the profit and loss account and appropriation account.

Item	Details
a	The standard rate of income tax is 25%.
b	Zenith Ltd had $50,000 of 8% debentures. It sent cheques for debenture interest for the year less income tax, on 31 December 2023.
c	Zenith Ltd had bought $15,000 of 10% debentures in another company. It received a year's interest, less income tax, on 30 December 2023.
d	No cheque has been paid to the Inland Revenue for income tax.
e	Zenith Ltd had bought 20,000 ordinary shares of $1 each in Omega Ltd. Omega Ltd paid a dividend to Zenith Ltd of 15% on 30 November 2023. Omega Ltd is a 'related company'.
f	Zenith Ltd had a liability for corporation tax, based on profits for 2023, of $30,000.
g	Zenith Ltd proposed a dividend of 25% on its 80,000 ordinary shares of $1 each, out of the profits for 2023.
h	Transfer $6,000 to general reserve.
i	Unappropriated profits brought forward from last year amounted to $12,000.

Requirement: Complete the profit and loss account and appropriation account for Zenith Ltd and calculate the earnings per share.