Questions about Earning per shares

The end of the reporting year of Entity A is 30 June. The accountant is now preparing the earnings per share ratio for the year ended of 30 June 2017. The detailed share information from 1 July 2016 to 30 June 2017 are listed as below:

On 1 July 2016, Entity A had 3,200,000 ordinary shares.
On 1 Sept 2016, Entity A issued a 1 for 5 bonus issue
On 31 October 2016, Entity A issued 1,200,000 of its own shares at full market price
On 1 Dec2016, Entity made a 1 for 9 right issue of $5.50. Actual cum right price was $10.50
On 1 Jan 2017, Entity A issued a $5,500,000, 5,500,000 5% irredeemable convertible preference share. The conversion ratio was based on one ordinary share for every eight-irredeemable convertible preference share.
On 31 Jan 2017, Entity A repurchases 1,100,000 own shares at full market price
On 1 March 2017, Entity A made a 6 for 1 share split

Entity A has issued share options to several staffs few years before. There were 4,400,000 share options at exercise price of $0.50 and the market average for current year is $4.00.

On 1 July 2015, Entity A also issued a $60,000,000, 60,000,000 10% convertible debts to raise funds. The convertible debt is classified as a compound instrument and the liability component of this convertible debt carried in the statement of financial position as at 1 July 2016 was $50,000,000 and the effective interest rate is 9%. These convertible debts can be converted into ordinary shares at the following rates:

On 30 June 2020 7 shares for every $100 of convertible debt
On 30 June 2021 8 shares for every $100 of convertible debt
On 30 June 2022 9 shares for every $100 of convertible debt
On 30 June 2023 10 shares for every $100 of convertible debt

The profits after tax before any dividend for the period of 1 July 2016 to 30 June 2017 is $68,700,000 and the previous EPS for the year ended 30 June 2016 is $21.2300. Tax rate is 16.5%

(a) Calculate Basic earnings per share for the year ended at 30 June 2017
(b) Restate Basic EPS for the year ended at 30 June 2016
(c) Dilute earnings per share for the year ended at 30 June 2017

Date Detail No. of shares Right Adj. Bonus Adj. Share split Adj. Time Adj.Weighted Average
2016
1 July Opening
Bal. 3,200,000 x10.5/10×6/5 X6/1 X2/12 4,032,000
1 Sept Bonus
issue 640,000
3,840,000 x10.5/10 x6/1 x2/12 4,032,000
1 Nov Issue of full 1,200,000
market price
3,960,000×10.5/10 x6/1 X1/12 2,079,000
1 Dec Right issue
(1 for 9) 440,000
4,400,000 x6/1 X2/12 4,400,000
1 Feb Repurchase (1,100,000)
3,300,000 X6/1 X1/12 1,650,000
1 Mar 6 for 1
share split 16,500,000
31 June Closing Bal 19,800,000 X4/12 6,600,000

2,2793,000

Theoretical ex-rights price= $100/10 = $10/shares

Basic Earnings per shares at 30 June 2017 ($68,700,000/22,793,000 shares) = $3.01408

Increase in earnings Increasing in no. of ordinary shares EPS Ranking
Options 0 3,850,000 – 1
Convertible
preference shares 1158562.5 343750 (1/8×55,500,000×6/12) 3.37036 3
($55,500,000×6/12×5%x83.5%)
Convertible debt 3,757,500
($50,000,000 x 9% x 83.5% x 12/12) 5,000,000 ($50,000,000/ $100 x 10
x 12/12) 0.7515 2

Earnings Shares EPS
Basic Earnings 68,700,000 22,793,000 3.0140
Options 0 3,850,000
Diluted EPS 68,700,000 26,643,000 2.5785
Convertible debts 3,757,500 5,000,000
Diluted EPS 72,457,500 31,643,000 2.28984
Convertible preference shares 1,158,562.5 343750
Diluted Eps 7316062.5 31,986,750 2.30145

Diluted EPS for the year ended at 30 June 2017 = 2.30145 (the smallest)

Restate Basic EPS for the year ended at 30 June 2016 = $21.2300x 10/10.5 x 5/6 x 1/6
= $2.80820

However, the question mentioned that On 1 July 2015, Entity A also issued a $60,000,000, 60,000,000 10% convertible debts to raise funds. How this statement affect the calculation? And will affect which answer? The Restate Basic EPS?

I know this question is a bit long. I hope you can give me some comments on my answer. I hope you can tell me the answer is right or wrong, and how to correct it. Thank you. Please!!!!