Following is information taken fromKingbirdInc.'s December 31, 2021 balance sheet:

5% bonds payable, $5,970,000maturing December 31, 2022,

each $1,000 bond convertible into18common shares$5,970,0008% bonds payable, $5,240,000, maturing December 31, 2023,

each $1,000 bond convertible into30common shares at any time up to December 31, 2023$5,240,000Cumulative preferred shares, $5, no-par value, convertible at

1 preferred share for 4 common shares,49,600shares outstanding$992,000Common shares, no par-value,2,954,000shares outstanding

Kingbird's net income for 2021 was $8,693,600, 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 was3,519,000. (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.

1,CalculateKingbird's basic EPS for 2021.

2,Calculate the after-tax interest paid on the 5% bonds

3,Determine an incremental per share effect for 5% bonds

4,Calculate the after-tax interest paid on the 8% bonds.

5,Determine an incremental per share effect for 8% bonds

6,Determine an incremental per share effect for $5preferred shares.

7,Rank the potentially dilutive securities from most dilutive to least dilutive.

5% bonds,8% bonds,$5preferred shares