Kingbird Inc had net income for the current year ending December 31, 2020 of $1,020,420. During the entire year, there wer 501,000 common shares outstanding. The company had two classes of preferred shares outstanding: the Class A preferred shares were $2.13 cumulative shares of which 11,000 were outstanding, and were convertible to common shares at a rate of 1:1. There were 109,000 $6.13 Class B non-cumulative preferred shares outstanding that were also convertible at a rate of 1:1. Kingbird had outstanding a $1,000,000, 7% bond issued in 2009 that was convertible to 22,000 common shares. The company also had outstanding a $1,000,000, 6% bond issued in 2010 that was convertible to 25,000 common shares. No dividends were declared or paid this year. Kingbird's tax rate is 38%. Calculate the income effect of the dividends on Class A preferred shares. Dividends on Class A preferred shares $ Calculate the income effect of the dividends on Class B preferred shares. Dividends on Class B preferred shares $ Calculate basic earnings per share. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately.) (Round answer to 2 decimal places, eg. 15.25.) Basic earnings per share $ Calculate the after-tax interest paid on the 2009 bonds, After-tax interest on 2009 bonds converted 5 Determine an incremental per share effect for 2009 bonds. (Round earnings per share to 3 decimal places, eg. 15.257) Incremental Numerator Effect Incremental Denominator Effect EPS Potentially dilutive security 2009 Bonds Calculate the after tax interest paid on the 2010 bonds After taxinterest on 2010 bonds converted $ Determine an incremental per share effect for 2010 bonds. (Round earnings per share to 3 decimal places, eg. 15.257.) Incremental Numerator Effect Incremental Denominator Effect Potentially dilutive security EPS 8% Bonds $ Determine an incremental per share effect for Class A preferred shares. (Round earnings per share to 2 decimal places, 6.8. 15.25) Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS Class A preferred shares Determine an incremental per share effect for Class B preferred shares. (Round earnings per share to 2 decimal places, eg. 15.25.) Incremental Numerator Effect Incremental Denominator Effect Potentially dilutive security EPS Class B preferred shares Rank the potentially dilutive securities from most dilutive to least dilutive. 2009 bonds 2010 bonds Class A preferred shares Class B preferred shores