Question 3 of 15 -/1 Current Attempt in Progress Blossom Corporation had a net income for the current year ending December 31, 2021 of $1.283,000. Throughout 2021 the following items were outstanding: . 413,000 common shares 21,000 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 $450,000, 8% bonds that were convertible to 15,000 common shares $285,000, 10% bonds convertible to 9,000 common shares No dividends were declared or paid in 2021. Blossom'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 eTextbook 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, eg. 15.25.) $ Basic earnings per share e Textbook and Media 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 Incremental Denominator Effect Potentially dilutive security EPS 8% Bonds e Textbook and Media 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 Incremental Denominator Effect EPS Potentially dilutive security 10% Bonds $ e Textbook and Media Determine an incremental per share effect for Class A preferred shares. (Round earnings per share to 2 decimal places, eg. 15.25.) Potentially dilutive security Incremental Numerator Effect Incremental Denominator Effect EPS Class A preferred shares e Textbook and Media 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 EPS Potentially dilutive security $ Class B Preferred shares $ Rank the potentially dilutive securities from most dilutive to least dilutive. Class B preferred shares Sub Total Diluted EPS