At January 1, 2015, Cameron Company’s outstanding shares included the following.

Net income for 2015 was R\($2\),830,000. No cash dividends were declared or paid during 2015. On February 15, 2016, however, all preference dividends in arrears were paid, together with a 5% share dividend on ordinary shares. There were no dividends in arrears prior to 2015.
On April 1, 2015, 450,000 ordinary shares were sold for R\($10\) per share. On October 1, 2015, 110,000 ordinary shares were purchased for R\($20\) per share and held as treasury shares.
Instructions Compute earnings per share for 2015. Assume that financial statements for 2015 were issued in March 2016.

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280,000 shares of R$50 par value, 7% cumulative preference shares 800,000 shares of R$1 par value ordinary shares