Amaya Company offered existing shareholders a rights issue of one for 5 shares at a price of P6 per share to be exercised on April 1, 2020. The market value of share was P12 on that date. On January 1, 2019, there are 810,000 ordinary shares outstanding. The entity reported net income P2,250,000 for 2019 and P3,500,000 for 2020. Required: Compute the basic earnings per share for 2019 and 2020.

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.