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QUESTION 4 (18 marks) Timber Town Ltd is a manufacturer of wooden furniture and is listed on the local stock exchange. The following are extracts from the company's Statement of Profit and Loss for the years ended 31 December 2020 and 31 December 2021. The company's issued share capital at 1 January 2020 was as follows: - 3000000 ordinary shares of 25 cents each. - 70000010% cumulative irredeemable preference shares at a face value of R1 each. On 1 July 2020, the company issued 12% convertible debentures at face (nominal) value for a total of R1 500000 . Each debenture has a face value of R100 and is convertible into 125 ordinary shares on 31 December 2023. On 1 October 2020. Timber Town Ltd issued another 1000000 ordinary shares at 25c each. There were no other changes to the issued share capital. The South African income REQUIRED: PART A 4.1) Calculate the following for Timber Town Ltd: 4.1.1) BEPS (Basic earnings per share) for the year ended 31 December 2020. (7 marks)