Question: please provided instuctions Question 2 (10 marks} Peony Ltd. reported eamings of $340,000 in 2020; no dividends were declared. Peony has two classes of ordinary

please provided instuctions

please provided instuctions Question 2 (10 marks} Peony Ltd. reported eamings of

Question 2 (10 marks} Peony Ltd. reported eamings of $340,000 in 2020; no dividends were declared. Peony has two classes of ordinary shares Class A and Class E. Characteristics of the two classes of shares are as follows: ' 13,400 Class A shares and 11,600 Class B shares were outstanding throughout the year. ' Class A shares get 15 votes per share; Class E get 3 votes. ' If dividends are declared, Class A shares are entitled to a base dividend of $6.50 per share while Class B shares are entitled to a based dividend of $1.40 per share. Additional dividends beyond the base dividend are shared on an equal basis per share. Required Calculate basis EP'S for 2020

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