Blossom Corporation had net income of $48,000 for the year ended December 31,2023 , and welghted average number ot common shares outstanding of 10,000 . The following information is provided regarding the capital structure: 1. 5% convertible debt, 210 bonds each convertible into 41 common shares. The bonds were outstanding for the entire year. The income tax rate is 35%. The bonds were issued at par ( $1,000 per bond). No bonds were converted during the year, 2. 2% comvertible, cumulative $100 preferred shares, 1,000 shares issued and outstanding- Each preferred share is convertible into 2 common shares. The preferred shares were issued at par and were outstanding the entire year. No shares were converted during the year. Calculate the income effect of the dividends on preferred stiares. Dividends on preferred shares Calculate the basic earnings per share for 2023. (Round answer to 2 decimal pfoces, e. .15,25.) Basic earnings per share Calculate the after-tax interest paid on the 5% bondis. After-tax interest on bonds converted Determine an incremental per share effect for 5% bonds. (Round earnings per share to 2 decimal places, e.g. 15.25.) natarmine an incremental per share effect for 2% preferres shares. (Round earnings per share to 2 decimal places, eg. 15.25.) Rank the potentially dilutive securities from most dilutive to least dilutive. 5% Bonds 2% Preferred shares Calculate the diluted earnings per share for 2023 , wsing the lf -converted method, For simplicity, Ignore the recuirement torecord the debt and equity components of the bonds separately, (Round eamings per share to 2 decimal places, es. 15.25.)