At 31 December 20X1, Regina Realty Ltd. had the following items on the statement of financial position:

The Class A preferred shares are redeemable in 20X11 at the investors’ option and are classified as a liability. Dividends on these shares are reported as interest expense and have been deducted from earnings.
At 31 December 20X1, there were two common share Class A stock options outstanding:
• $10 per share exercise price and 60,000 shares, able to be exercised after 1 July 20X1 and expiring on 1 July 20X3.
• $9 per share exercise price and 88,000 shares, able to be exercised after 1 July 20X18 and expiring on 1 July 20X20.

During 20X2, the following occurred:
a. Net earnings was $1,140,000, correctly calculated.
b. Class A common shares were issued on 1 March 20X2 when the $10 options described above were fully exercised.
c. The tax rate was 40%.
d. The average Class A common share price during the period was $12, after giving effect to the stock split described below in (f). The adjusted average for January and February was $14.
e. No dividends were declared or paid to any of the shareholders.
f. There was a 3-for-1 stock split of the Class A and Class B common shares on 1 November.

All outstanding shares, option contracts, and conversion terms were adjusted accordingly.

Required:
Prepare the earnings per share disclosure for the year ended 31 December 20X2 in good form.

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Preferred shares, Class A, nonvoting, cumulative, par $10, $0.50 dividend per share, redeemable at the investor's option at par in 20X11; 200,000 authorized, 30,000 issued Preferred shares, Class B, voting, cumulative, par $15, $0.90 dividend per share, redeemable at the company's option at par plus 20%; convertible at the rate of one preferred share to two Class A common shares; 200,000 authorized, 90,000 issued Common shares, Class A, voting with one vote per share; unlimited shares authorized, 500,000 shares issued Common shares, Class B, voting with ten votes per share; entitled to two times the dividends of a Class A common share, unlimited shares authorized, 50,000 shares issued Retained earnings $ 300,000 $1,350,000 $5,357,000 $ 587,000 $2,966,000