Martinez Corporation had a net income for the current year ending December 31, 2021 of $1,235,500. Throughout 2021 the following items were outstanding: 405,000 common shares 19,500 Class A $3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 52,000 Class B $4 non-cumulative preferred shares that were convertible at a rate of one common share for every two preferred shares. $504,000, 8% bonds that were convertible to 14,000 common shares $300,000, 10% bonds convertible to 9,000 common shares O No dividends were declared or paid in 2021. Martinez's tax rate is 25%. 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 e Textbook and Media 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, e.g. 15.25.) $ Basic earnings per share 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, e.g. 15.25.) Potentially dilutive security Incremental Numerator Effect 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, e.g. 15.25.) Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS 10% Bonds $ $ Determine an incremental per share effect for Class A preferred shares. (Round earnings per share to 2 decimal places, e.g. 15.25.) Potentially dilutive security Class A preferred shares Incremental Numerator Effect Incremental Denominator Effect EPS $ $ e Textbook and Media Determine an incremental per share effect for Class B preferred shares. (Round earnings per share to 2 decimal places, e.g. 15.25.) Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS Class B Preferred shares $ $ Calculate diluted earnings per share. (Round calculations of EPS to 3 decimal places, e.g. $3.545 and provide final answer to 2 decimal places, e.g. 15.25.) Numerator Denominator EPS $ $ Basic Sub Total Sub Total $ $