An excerpt from the statement of financial position of Ivanhoe Limited follows:

IVANHOE LIMITED
Selected Statement of Financial Position Information
At December 31, 2020
Long-term debt
	Notes payable, 10%			$5,170,000
	4% convertible bonds payable			2,055,000
	6% convertible bonds payable			3,144,000
		Total long-term debt		$10,369,000
Shareholders' equity
	$0.67 cumulative, no par value, convertible preferred shares (unlimited number of shares authorized, 545,400 shares issued and outstanding)			$2,727,000
	Common shares, no par value (7,495,100 shares authorized, 3,160,700 shares issued and outstanding)			26,260,000
	Contributed surplus			209,500
	Retained earnings			6,365,800
		Total shareholders equity		$35,562,300

Notes and Assumptions December 31, 2020

1.		Options were granted/written in 2019 that give the holder the right to purchase 92,300 common shares at $7 per share. The average market price of the companys common shares during 2020 was $13 per share. The options expire in 2028 and no options were exercised in 2020.
2.		The 4% bonds were issued in 2019 at face value. The 6% bonds were issued on June 1, 2020, 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 2020. Each share of preferred 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 2020.
7.		Net income was $2,500,100 in 2020.
8.		No bonds or preferred shares were converted during 2020. Calculate basic earnings per share for 2020. (Round answer to 2 decimal places, e.g. 15.25.) Calculate the proceeds from assumed exercise of 92,300 options. Calculate the incremental shares oustanding upon the exercise of options. Determine an incremental per share effect for 4% bonds. (Round earnings per share to 2 decimal places, e.g. 15.25.) Calculate the after-tax interest paid on the 6% bonds. 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 diluted earnings per share for 2020. (Round earnings per share to 2 decimal places, e.g. 15.25.) Numerator Denominator EPS Basic $ $ i Sub Total a Sub Total IIIII COOP Sub Total $ $