1. Options were granted/written in 2022 that give the holder the right to purchase 100,000 common shares at $8 per share. The average market price of the company's common shares during 2023 was \$16 per share. The options expire in 2031 and no options were exercised in 2023. 2. The 4% bonds were issued in 2022 at face value. The 6% bonds were issued on June 1,2023 , at face value. Each bond has a face value of $1,000 and is convertible into 100 common shares. 3. The convertible preferred shares were issued at the beginning of 2023. Each preferred share is convertible into one common share. 4. The average income tax rate is 25%. 5. The common shares were outstanding during the entire year. 6. Preferred dividends were not declared in 2023. 7. Net income was $2,544,000 in 2023. 8. No bonds or preferred shares were converted during 2023. Determine an incremental per share effect for 4% bonds. (Round earnings per share to 2 decimal places, e.g. 15.25.) eTextbook and Media Calculate the after-tax interest paid on the 6% bonds. After-tax interest on 6% bonds converted $ An excerpt from the statement of financial position of Blossom Limited follows: BLOSSOM LIMITED Selected Statement of Financial Position Information At December 31, 2023 Long-term debt Notes payable, 10% 4% convertible bonds payable 6% convertible bonds payable Total long-term debt Shareholders' equity $0.69 cumulative, no par value, convertible preferred shares (unlimited number of shares authorized, 600,000 shares issued and outstanding) Common shares, no par value (8,000,000 shares authorized, 3,000,000 shares issued and outstanding) Contributed surplus Retained earnings Total shareholders' equity $5,000,0002,000,0003,000,000$10,000,000 25,500,000200,0007,000,000 $35,700,000 Calculate diluted earnings per share for 2023. (Round earnings per share to 2 decimal places, e.g. 15.25.) Determine an incremental per share effect for 6% bonds. (Round earnings per share to 2 decimal places, e.g. 15.25.) Rank the potentially dilutive securities from most dilutive to least dilutive. Calculate the income effect of the dividends on preferred shares. Dividends on preferred shares \$ eTextbook and Media Calculate basic earnings per share for 2023. (Round answer to 2 decimal places, e.g. 15.25.) Basic EPS \$ eTextbook and Media Determine an incremental per share effect for $0.69 preferred shares. (Round answer to 2 decimal places, e.g. 15.25.) Calculate the proceeds from assumed exercise of 100,000 options. (Round answer to 0 decimal places, e.g. 1,525.) Proceeds from exercise of options $ Calculate the incremental shares oustanding upon the exercise of options. (Round answer to 0 decimal places, e.g. 1,525.) The incremental shares oustanding upon the exercise of options eTextbook and Media Calculate the after-tax interest paid on the 4% bonds. After-tax interest on 4% bonds converted \$