Martinez Corporation had a net income for the current year ending December 31, 2021 of $1,204,500. Throughout 2021 the following items were outstanding:

413,000 common shares

18,500 Class A $3 cumulative preferred shares that were convertible to common shares at a rate of 1:1

49,500 Class B $4 non-cumulative preferred shares that were convertible at a rate of one common share for every two preferred shares.

$551,000, 8% bonds that were convertible to 14,500 common shares

$303,000, 10% bonds convertible to 9,000 common shares No dividends were declared or paid in 2021. Martinezs tax rate is 25%.

Calculate the after-tax interest paid on the 8% bonds. After-tax interest on 8% bonds converted e Textbook and Media Determine an incremental per share effect for 8% bonds. (Round earnings per share to 2 decimal places, eg. 15.25.) Incremental Numerator Effect Potentially dilutive security Incremental Denominator Effect EPS 8% Bonds $ $ Calculate the after-tax interest paid on the 10% bonds. $ After-tax interest on 10% bonds converted e Textbook and Media Determine an incremental per share effect for 10% bonds. (Round earnings per share to 2 decimal places, eg. 15.25.) Incremental Numerator Effect Potentially dilutive security Incremental Denominator Effect EPS 10% Bonds $ $ $