Calculate the income effect of the dividends on preferred shares. Dividends on preferred shares $ eTextbook and Media Attempts: 1 of 10 used Question Part Score 1/1 (a2) Your answer is correct. Calculate basic earnings per share for 2023. (Round answer to 2 decimal places, es. 15.25.) Basic EPS $ There were no changes during 2023 in the number of common shares, preferred shares, or convertible bonds outstanding. For simplicity, ignore the requirement to book the convertible bonds' equity portion separately. Determine an incremental per share effect for 6% preferred shares. (Round earnings per share to 2 decimal places, e. 3 . 15.25.)