Zonal Company reported the following information for the current year: Income before tax 5,000,000 Income tax 1,600,000 Loss from discounted operations 600,000 Required: Present the basic earnings per share on the face of the income statement under each of the following assumptions: 1. The entity has only one class of share capital, 50,000 ordinary shares with par value of P100. 2. The entity has Mo classes of share capital: Preference share, 10% cumulative, P100 par 2,000,000 Ordinary share, P100 par, 50,000 shares 5,000,000