Reference no: EM132563110

The relevant information of Chunhui X7 at the end of the year is as follows:

Common stock, denomination of $10, 500,000 shares approved, issued concurrently from January 1 to October 31 200,000 shares out of stock, split on November 1 into 2 shares of $ 4,000,000

Special shares, 6%, denomination of $100, non-convertible, accumulated, non-participating, 20,000 shares approved, 10,000 shares issued and circulated throughout the year 1,000,000

Capital reserve 200,000

Retained surplus (no dividend declared this year) 1,800,000

Convertible corporate bonds, 7% 500,000

Chunhui Company issued corporate bonds on January 1, X7, and the liability component in the issue price is equivalent to Denomination, 25 shares of common stock per $1,000 (before share split), if the company has issued stock dividends or Share split, the number of converted shares will be adjusted accordingly.

Question 1: Chunhui's X7 net profit for the current period is $650,000, tax rate is 25%, try to calculate the basic and diluted per share of X7 year surplus.