LarkspurHorizon Corp had the following items, all of which were outstanding throughout the entire fiscal year ending September 30, 2021:

740,000common shares280,000$3cumulative, no-par value preferred sharesOptions to purchase110,000common shares at $13per share. The average market price ofLarkspur's common shares during the year was $20per share. None of the options were exercised or expired during fiscal 20219% bond with a face value of $2,000,000, convertible to49,000common shares.

Larkspur's net income for fiscal 2021 was $8,314,000, and its tax rate was 15%. Preferred dividends had been paid in all previous fiscal years.

Calculate the income effect of the dividends on preferred shares.

A.) Dividends on preferred shares$

B.) 2.Calculate Splish's basic earnings per share for the year. Calculate Splish's basic earnings per share for the year. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately).(Round answer to 2 decimal places, e.g. 15.25.)

C.) Calculate the after-tax interest paid on the 9% bonds

D.) 4.Determine an incremental per share effect for 9% bonds.(Round earnings per share to 3 decimal places, e.g. 15.257.)

E.) Calculate the proceeds from assumed exercise of options.