Oriole Inc. had net income for the current year ending December 31, 2020 of $909,420. During the entire year, there were 509,000 common shares outstanding. The company had two classes of preferred shares outstanding: the Class A preferred shares were $1.98 cumulative shares of which 12,000 were outstanding, and were convertible to common shares at a rate of 1:1. There were 105,000 $5.98 Class B non-cumulative preferred shares outstanding that were also convertible at a rate of 1:1. Oriole had outstanding a $1,000,000, 6% bond issued in 2009 that was convertible to 22,000 common shares. The company also had outstanding a $1,000,000, 4% bond issued in 2010 that was convertible to 26,000 common shares. No dividends were declared or paid this year. Orioles tax rate is 37%.

Calculate the after-tax interest paid on the 2010 bonds.

Determine an incremental per share effect for 2010 bonds. (Round earnings per share to 3 decimal places, e.g. 15.257.)

Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS

8% Bonds $ $

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 $ $

Rank the potentially dilutive securities from most dilutive to least dilutive.

2009 bonds Rank 1 Rank 2 Rank 3 Rank 4 Anti-dilutive

2010 bonds Rank 1Rank 2Rank 3Rank 4Anti-dilutive

Class A preferred shares Rank 1Rank 2Rank 3Rank 4Anti-dilutive

Class B preferred shares Rank 1Rank 2Rank 3Rank 4Anti-dilutive