Blossom Corporation is preparing earnings per share data for 2020. The net income for the year ended December 31, 2020, was $409,000 and there were 58,100 common shares outstanding during the entire year. Blossom has the following two convertible securities outstanding: 12% convertible bonds (each $1,000 bond is convertible into 20 common shares) 4% convertible $100 par value preferred shares (each share is convertible into 3 common shares) $100,000 $52,000 Both convertible securities were issued at face value in 2017. Blossom's income tax rate is 24%. The preferred shares are cumulative. For simplicity, ignore the requirement to record the debt and equity components of the bonds separately. Assume that 40% of the convertible bonds were converted to common shares on April 1, 2020. The balances December 31, 2020 do not reflect the conversion of April 1, 2020. Calculate Blossom's weighted average common shares outstanding. (For your calculation, round bond value and final answer to o decimal places, eg. 5,250.) shares Weighted average number of common shares e Textbook and Media Calculate the income effect of the dividends on preferred shares. $ Dividends on preferred shares e Textbook and Media Calculate Blossom's basic earnings per share for 2020. (Round answer to 2 decimal places, eg. 15.25.) $ Basic earnings per share e Textbook and Media Calculate the after-tax interest paid on the 12% bonds. After-tax interest on bonds converted e Textbook and Media Determine an incremental per share effect for 12% bonds. (Round earnings per share to 2 decimal places, eg. 15.25.) Incremental Numerator Effect Incremental Denominator Effect EPS Potentially dilutive security 12% Bonds $ $ e Textbook and Media Determine an incremental per share effect for 4% preferred shares. (Round earnings per share to 2 decimal places, eg. 15.25.) Incremental Numerator Effect Incremental Denominator Effert Potentially dilutive serurity FPS Determine an incremental per share effect for 4% preferred shares. (Round earnings per Share to 2 decimal places, eg. 15.25.) Incremental Numerator Effect Incremental Denominator Effect EPS Potentially dilutive security 4% Preferred shares $ $ e Textbook and Media Rank the potentially dilutive securities from most dilutive to least dilutive. 12% Bonds 4% Preferred shares e Textbook and Media Calculate Blossomis diluted earnings per share for 2020. (Round earnings per share to 2 decimal places, eg. 15.25.) Numerator Denominator EPS Basic Sub Total