(b)Presented below is information related to Starberg Company. 1.Net Income [including] a discontinued operations gain (net of tax) of Sh.70, 000 Sh.230, 000 2. Capital Structure a. Cumulative 8% preference shares, Sh.100 par, 6,000 shares issued and outstanding Sh.600, 000 b. Sh.10 par, 74,000 ordinary shares outstanding on January 1. On April 1, 40,000 shares were issued for cash. On October 1, 16,000 shares were purchased and retired. Sh.980, 000 c. On January 2 of the current year, Starr purchased Oslo Corporation. One of the terms of the purchase was that if Starr's net income for the following year is Sh.200, 000 or more, 50,000 additional shares would be issued to Oslo stockholders next year. 3. Other Information a. Average market price per ordinary share during entire year Sh.30 b. Income tax rate 30% Required Compute earnings per share for the current year. (20 Marks)