Xenia Ltd determines its profit attributable to ordinary shareholders for the reporting period ended 30 June 2014 as $96000. The company has calculated its weighted number of ordinary shares on issue during the period as 480000. The weight average number of share options arrangements during the period is 24000.
The average market price of the entity's shares during the period is $2.40 per share, and the exercise price of share under option is $1.50.
Prepare a schedule setting out the calculated of basic earnings per share and diluted earnings per share.