Following is information taken from Windsor Inc's December 31, 2020 balance sheet: $5,200,000 8% bonds payable, $5,200,000 maturing December 31, 2023, each $1,000 bond convertible into 17 common shares 5% bonds payable, $3,200,000, maturing December 31, 2025, each $1,000 bond convertible into 51 common shares at any time up to December 31, 2023 Cumulative preferred shares, $4, no-par value, convertible at 1 preferred share for 4 common shares, 104,000 shares outstanding Common shares, no par-value, 2,500,000 shares outstanding $3,200,000 $2,704,000 Windsor's net income after tax for 2020 was $5,516,000, and the company was subject to an income tax rate of 42%. 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 2,400,000. (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 Windsor's basic EPS for 2020. (Round answer to 2 decimal places, e.g. 15.25.) $ Basic EPS Calculate the after-tax interest paid on the 8% bonds. $ After-tax interest on 8% bonds Determine an incremental per share effect for 8% bonds. (Round earnings per share to 2 decimal places, e.g. 15.25.) Incremental Numerator Effect Incremental Denominator Effect EPS Potentially dilutive security 8% Bonds $ $ Calculate the after-tax interest paid on the 5% bonds. $ After-tax interest on 5% bonds Determine an incremental per share effect for 5% bonds. (Round earnings per share to 2 decimal places, eg. 15.25.) Potentially dilutive Incremental Incremental security Numerator Effect Denominator Effect 5% Bonds EPS $ Determine an incremental per share effect for $4 preferred shares. (Round earnings per share to 2 decimal places, eg. 15.25.) Potentially dilutive Incremental Incremental security Numerator Effect Denominator Effect EPS $4 Preferred shares $ $ Rank the potentially dilutive securities from most dilutive to least dilutive. 8% bonds 5% bonds $4 Preferred shares