Kingbird Inc. had 510,000 common shares outstanding for the entire fiscal year ended August 31, 2020. Kingbird has 106,000 outstanding $3 cumulative, no-par value preferred shares. All shares were outstanding for the full year. Options were written at the start of the fiscal year to purchase 32,000 common shares at $17 per share. The average market price of Kingbird's common shares during the year ended August 31, 2020 was $25 per share. The options expire in 2029, and none were actually exercised during the current year. Also outstanding for the entire year was a 7% bond with a face value of $5,940,000, convertible to 140,400 common shares. Kingbird Inc's net income for the year was $2,740,500, and the income tax rate for the fiscal year was 40%. (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 eTextbook and Media $ Calculate Kingbird Inc's basic earnings per share for the year ended August 31, 2020. (Round answer to 2 decimal places, e.g. 15.25.) Basic EPS $ eTextbook and Media Calculate the after-tax interest paid on the 7% bonds. After-tax interest on bonds converted eTextbook and Media $ Determine an incremental per share effect for 7% bonds. (Round earnings per share to 2 decimal places, e.g. 15.25.) Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS 7% Bonds $ $