Question $1(25$ marks$)$ Case Study Question On January $1,20$X$4,$ Eagle Ltd had $300,000$ shares in issue. On July $1,20$X$4,$ the company made a $1-$for$-3$ bonus issue. On October $1,20$X$4,$ a further $100,000$ shares were issued for cash at market value. Eagle Ltd$$s profit after tax for the year ended December $31,20$X$4$ was $$360,000.$ The profit for the year ended December $31,20$X$3$ was $$280,000,$ and no share issues occurred in that year. Required: a$.$ Calculate the weighted average number of shares for the year ended December $31,20$X$4(10$ Marks$)$ b$.$ Compute the basic EPS for $20$X$4$ and $20$X$3(10$ Marks$)$ c$.$ Explain why EPS may decrease even when net profit increases $(5$ Marks$)$