The following information relates to Willowdale Ltd.'s financial statements for the year ended 31 December 20X6: a. On 1 January 20X6, Willowdale's capital structure consisted of the following: - 458,000 common shares, issued for $5.79 million, were outstanding. - 58,000 preferred shares bearing cumulative dividend rights of $13 per year. - $1.08 million (par value) of 7% convertible bonds ( $1,000 face value), with interest payable on 30 June and 31 December of each year. Each $1,000 bond is convertible into 65 common shares, at the option of the holder, at any time before 31 December 2011. Interest expensed on the convertible bonds was $51,600. - Outstanding options for 54,000 common shares at a price of $13 per share. The average market value of common shares during the period was $20. b. On 30 September 206, Willowdale issued an additional 108,000 common shares for $1.58 million cash. c. Willowdale reported earnings of $2.30 million for the year ended 31 December 206 net of tax of 30%. Required: Calculate the basic and diluted earnings per share figures for 20X6. (Round your answers to 2 decimal places.) 
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