please include instructions have a question which s similar for HW and wish to see how its done thanks.

Assignment 20-21 EPS; Cascade (30 marks} nshante Sports Collections Ltd. [ABEL] ended 2ox5 with F00,000 common shares outstanding, after issuing 200,000 common shares for cash on 31 December. The tax rate is 40%. There were no other common share transactions during the period. Net eamings were $1,300,000. The following elements are part of ASCL's capital structure: a. ASCL had $5,000,000 [par value} of 6% bonds payable outstanding during the year. The bonds are convertible to 30 common shares for each $1,000 bond. Bond interest expense was $403,000 for the year. b. ASCL had 40,000 options outstanding throughout zoxs to purchase 120,000 common shares for $3 per share. The average share price during the year was $15. The options were not exercisable until 2ox1o. c. ASCL had 10,000, 51.25 preferred shares outstanding. The shares were cumulative. No dividends were declared in 201:6. The shares were convertible into 50,000 common shares. d. ASCL had a contingent share agreement outstanding to issue 50,000 common shares to the prior shareholders of a company that ASCL had acquired in 20:22. The shares become issuable if the acquired company's operations accumulate $5,000,000 of post-acquisition eamings before the end of 20110. Eamings have been $3,500,000, to date, and the target is expected to be met in 20K?. e. ASCL had $3,000,000 {par value) of 5% bonds payable, issued on 31 \"larch 2015. The bonds were convertible into 40 common shares for each $1,000 bond. Bond interest expense was $205,?50 for the nine months of the year that the bond was outstanding. Required Compute basic and diluted EPS for 2015