In 20X2, McCullough Limited earned \(\$ 8,040,000\), and dividends of \(\$ 2,250,000\) were declared and paid. The company has two classes of voting shares. Class A shares have eight votes per share, while Class B shares have one vote per share. Both participate in the distribution of net assets in the event of dissolution. There were 500,000 Class A shares outstanding all during \(20 \mathrm{X} 2\), and \(1,500,000\) Class B shares.

Class A shares are entitled to dividends as declared, in the amount of \(\$ 0.90\) per share, before the Class B shares receive any dividends. After the Class A dividend, Class B shares will receive dividends as declared up to \(\$ 1.20\) per share. If any dividends are declared above this amount, both classes are to be allocated an identical per share dividend.

Required:

1. Determine basic EPS for each share class for \(20 \mathrm{X} 2\), 

2. Repeat requirement (1) assuming that there is no base dividend and dividends are split on a per-share basis between the two classes such that Class A shares receive 10 times the Class \(B\) entitlement per share.