The information below pertains to Barkley plc for 2022.

Net income for the year	£1,200,000
8% convertible bonds issued at par (£1,000 per bond); each bond is convertible into 30 shares of ordinary shares; the liability component of the bonds is £1,800,000 based on a market rate of 9%	2,000,000
6% convertible, cumulative preference shares, £100 par value; each share is convertible into 3 shares of ordinary shares	4,000,000
Ordinary shares, £10 par value	6,000,000
Tax rate for 2022	40%
Average market price of ordinary shares	£25 per share

There were no changes during 2022 in the number of ordinary shares, preference shares, or convertible bonds outstanding. There are no treasury shares. The company also has ordinary share options (granted in a prior year) to purchase 75,000 ordinary shares at £20 per share.

Instructions

a. Compute basic earnings per share for 2022.

b. Compute diluted earnings per share for 2022.