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Darlinghurst Entertainment Ltd. (DEL) has the following selected information for the year ended December 31, 2015. Comprehensive income for the year was $8,475,000 with other

Darlinghurst Entertainment Ltd. (DEL) has the following selected information for the year ended December 31, 2015.

Comprehensive income for the year was $8,475,000 with other comprehensive income of $1,475,000.

Common shares on January 1, 2015, issued 9,200,000; outstanding 9,000,000. On March 31, 2015, DEL issued 400,000 shares for net proceeds of $856,000.

On July 1, 2015 DEL issued 10 year convertible 3% debentures of $4,000,000 at a market yield of 5%. Interest is payable semi-annually at July 1 and January 1. Each $100 denominated bond is convertible into 7 common shares at the behest of the bond holder effective for the calendar years 2018 through 2020 and is convertible to 10 common shares for each $100 bond from 2021 to maturity.

DEL has a fully vested compensatory stock option plan entitling each option holder to purchase 5 DEL shares until January 1, 2018 at a price of $16 per share. There were 400,000 options outstanding at the beginning of the year. On September 30, 2015, 25,000 options were exercised.

DEL also has 35,000, $2 cumulative, convertible preferred shares outstanding at the beginning of the year. Preferred shares are convertible into 3 common shares for each convertible preferred share held. There were no preferred share conversions during the year and dividends were one year in arrears.

DEL has a tax rate of 30% and the share prices for periods throughout 2015 are as follows: average for the year: $38; beginning of year: $28; end of year: $42; January-September 30: $34.

Required:

Calculate all EPS disclosures (2 decimal places only) required for the year ended December 31, 2015. Clearly indicate the dilutive effect ranking of each dilutive security.

Required:Basic EPS calculations:

Individual Dilutions and ranking of dilutive effect:

I really need help trying to solve this particularly the individual dilutions.

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