Show your work. Label your answers. As appropriate, round amounts to the nearest penny.

Startup Company had 550,000 shares of common stock outstanding throughout 2021. It also had 40,000 shares of 6%, $100 par value cumulative preferred stock outstanding throughout the year. Each share of preferred stock is convertible into four shares of common stock. Startup also had $3,000,000 face value of 5% convertible bonds outstanding during the year, which had been issued originally at face value. Each $1,000 bond is convertible into 30 shares of common stockSanders' tax rate is 21%, and net income for 2021 was $3,480,000. The average market price for Startup's common stock throughout the year was $42. Calculate (1) the 2021 basic earnings per share for Sanders, (2) the earnings per incremental share for the convertible preferred stockand (3) the earnings per incremental share for the convertible bonds.