Question one On January $,2025$ Golf Enterprises Ltd$.$ had $192,000$ common shares issued and outstanding. During $2025$the following transactions$$ occurred: $$ Mar$1$ issued$84,000$ common shares $$ Apr $30$ issued $5\%$ stock dividend $$ May $31$ issued a $3$ for $1$ stock split $$ July $31$ Acquired $48,000$ common shares $$ Sept $30$ Issued $24,000$ common shares In addition to common shares Golf Enterprises had$24,000$ of $8\%,$ $$100$ par,$$ cumulative preferred shares outstanding for the whole year.$$ No dividends were declared during the year. Net income for the year was $$1,200,000.$ Required: Calculate the earnings per share for the year.