Question: Need answer in 1 hour please, thanks! For the year ending 30 June 2014, Sarah Lid reports the following: Net profit after tax of $2,000,000.

Need answer in 1 hour please, thanks!

Need answer in 1 hour please, thanks! For the
For the year ending 30 June 2014, Sarah Lid reports the following: Net profit after tax of $2,000,000. As at 1 July 2013 Sarah Lid had 300,000 fully paid ordinary shares. The following issues and purchases were subsequently made during the year: 300,000 fully paid ordinary shares issued on 1 October 2013 at the prevailing market price 40,000 fully paid ordinary shares purchased back on 1 February 2014 at the prevailing market price 60,000 partly paid ordinary shares issued on 1 April 2014 at an issue price of $2.00. The shares were partly paid to $1.40. The partly paid shares carry the right to participate in dividends in proportion to the amount paid as a fraction of the issue price. For the entire financial year Sarah Lid had 3 million $1.00 preference shares, which provide dividends at a rate of 20 per cent per year. The dividend rights are cumulative. The preference share dividends were not treated as part of interest expense. Required Compute the basic earnings per share amount for 2014

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