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Following is information taken from Vaughn Inc.'s December 31, 2021 balance sheet: 5% bonds payable, $6,069,000 maturing December 31, 2022, each $1,000 bond convertible into

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Following is information taken from Vaughn Inc.'s December 31, 2021 balance sheet: 5% bonds payable, $6,069,000 maturing December 31, 2022, each $1,000 bond convertible into 22 common shares $6,069,000 8% bonds payable, $5,192,000, maturing December 31, 2023, each $1,000 bond convertible into 30 common shares at any time up to December 31, 2023 $5,192,000 Cumulative preferred shares, $5, no-par value, convertible at 1 preferred share for 4 common shares, 53,900 shares outstanding $1,078,000 Common shares, no par-value, 3,081,000 shares outstanding Vaughn's net income for 2021 was $8,579,400, 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 3,613,000. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately). Calculate Vaughn's diluted EPS for 2021. (Round calculations of EPS to 3 decimal places, e.g. $3.545 and provide final answer to 2 decimal places, e.g. 15.25.) Numerator Denominator EPS $ Basic Preferred shares Sub Total 5% Bonds Diluted EPS

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