Crane Corporation had net income for the current fiscal year of $700,300, and common shares outstanding of 94,000. There were no changes to Crane's common shares during the year. Crane also had outstanding a $1,000,000, 10% bond sold in a previous year that was convertible to 78,000 common shares. In addition, Crane sold a new bond on October 1 of the current year. The new bond was a $1,000,000, 12% bond, cdnvertible to 72,600 shares. Crane was subject to a tax rate of 24%. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately). Calculate Crane's basic earnings per share. (Round answer to 2 decimal places, es. 15.25.) Basic earnings per share e Textbook and Media Calculate the after-tax interest pald on the 10% bonds After-tax interest on 10% bonds $ Determine an incremental per share effect for 10% bonds (Round earnings per Share to 3 decimal places, s. 15.2570) Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS 10% Bonds e Textbook and Media Calculate the after-tax interest pald on the 12% bonds. After-tax interest on 12% bonds Determine an incremental per share effect for 12% bonds. (Round earnings per share to 3 decimal places. e. 15.257.) Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS 12% Bonds $ e Textbook and Media Rank the potentially dilutive securities from most dilutive to least dilutive 10% bonds 1296 bonds Calculate Crane's diluted earnings per share. (Round calculations of EPS to 3 decimal places, c $3.545 and provide final answer to 2 decimal places, c.8. 15.25.) Numerator Denominator EPS Basic EPS Sub Total 10% bonds 12% bonds Diluted EPS