Crane Corporation is preparing earnings per share data for 2020. The net income for the year ended December 31, 2020, was $396,000 and there were 58,800 common shares outstanding during the entire year. Crane 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 $50,000 Both convertible securities were issued at face value in 2017. Crane'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 at December 31, 2020 do not reflect the conversion of April 1, 2020. Calculate the after-tax interest paid on the 12% bonds. After-tax interest on bonds converted $ eTextbook and Media Determine an incremental per share effect for 12% bonds. (Round earnings per share to 2 decimal places, eg. 15.25.) Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS 12% Bonds $ eTextbook 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 Effect EPS Potentially dilutive security 4% Preferred shares S $ eTextbook and Media Rank the potentially dilutive securities from most dilutive to least dilutive. 12% Bonds 4% Preferred shares eTextbook and Media Calculate Crane's diluted earnings per share for 2020. (Round earnings per share to 2 decimal places, eg. 15.25.) Numerator Denominator EPS $ $ Basic Sub Total $ $ $ Diluted EPS eTextbook and Media