Following is information taken from Pharoah Inc.'s December 31, 2021 balance sheet: 5% bonds payable, $6,425,000 maturing December 31, 2022, each $1,000 bond convertible into 20 common shares $6,425,000 8% bonds payable, $5,048,000, maturing December 31, 2023, each $1,000 bond convertible into 28 common shares at any time up to December 31, 2023 $5,048,000 Cumulative preferred shares, $5, no-par value, convertible at 1 preferred share for 4 common shares, 46,000 shares outstanding $920,000 Common shares, no par-value, 2,779,000 shares outstanding Pharoah's net income for 2021 was $8,592,800, and the company was subject to an income tax rate of 20%. Both classes of bonds were outstanding the entire year, as were the preferred shares. The weighted-average number of common shares outstanding during the period was 3,636,000. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately). Calculate the income effect of the dividends on preferred shares. $ Dividends on preferred shares Calculate Pharoah's basic EPS for 2021. (Round answer to 2 decimal places, e.g. 15.25.) $ Basic EPS e Textbook and Media Calculate the after-tax interest paid on the 5% bonds. $ After-tax interest on 5% bonds e Textbook and Media Determine an incremental per share effect for 5% bonds. (Round earnings per share to 3 decimal places, e.g. 15.257.) Incremental Numerator Effect Incremental Denominator Effect Potentially dilutive security EPS 5% Bonds $ $ Calculate the after-tax interest paid on the 8% bonds. After-tax interest on 8% bonds e Textbook and Media Determine an incremental per share effect for 8% bonds. (Round earnings per share to 3 decimal places, e.g. 15.257.) Incremental Numerator Effect Incremental Denominator Effect Potentially dilutive security EPS 8% Bonds $ ta