Select SFP data for Emin Corp. for the 31 December 20X5 year-end is as follows:

Additional information:
a. On 1 April 20X5, 100,000 common shares were issued.
b. Common share options are outstanding which entitle holders to acquire 200,000 common shares at $10 per share. The average common share price during 20X5 was $15.
c. A 3-for-1 stock split occurred on March 31, 20X6. The 20X5 financial statements were issued on February 27, 20X5.
d. Emin Corp.’s tax rate is 30%.

e. Emin Corp.’s earnings from continuing operations after tax was $485,000 for 20X5.
f. Emin Corp. had a loss on discontinued operations of $350,000, net of tax in 20X5.
g. In late 20X4 Emin Corp. signed an agreement whereby it agreed to issue two shares to every outstanding shareholder if sales exceeded $1M in 20X5. The sales target was not met in 20X5.

Required:
1. Calculate all EPS figures that Emin Corp. is required to report for 20X5.
2. Does Emin Corp. have any discretion regarding the reporting from requirement 1?

Bank loan payable, 5%, due in 20X8 Bonds payable, issued at par, 4% Bonds payable, issued at par, 6%, each $1,000 bond converts in 40 common shares Common shares, 500,000 outstanding Retained earnings $2,500,000 $5,000,000 $7,000,000 $10,000,000 $495,000