Skysong Corporation reported Long-Term Liabilities and Shareholders' Equity in its December 31, 2020 balance sheet as follows: $7,500,000 $4,600,000 Long Term Liabilities: Bonds Payable 9% interest, convertible to 25 common shares/$1,000 bond Bonds Payable 5% interest, convertible to 30 common shares/$1,000 bond Shareholders' Equity: Class A Preferred shares $3.90 cumulative preferred share convertible into 7 common shares, 102,000 authorized, issued and outstanding Class B Common shares Unlimited number authorized 4,820,000 issued and outstanding $5,000,000 $28,920,000 All of the above reported bonds payable, preferred shares and common shares were outstanding throughout the entirety of fiscal 2020. No transactions involving the bonds payable, preferred shares or common shares occurred during fiscal 2020, except for interest on the bonds payable. The bonds payable were all issued and sold at par. Skysong also had Class B common stock options to purchase 280,000 common shares at $10.00 per share outstanding throughout fiscal 2020. No stock options were exercised during fiscal 2020. The fair market value of Skysong's common shares was $15.00 per share throughout the entirety of fiscal 2020. Skysong's income tax rate is 37%. The weighted average of common shares outstanding for 2020 was 4,820,000 common shares, and Skysong earned net income of $11,329,560. Calculate the income effect of the dividends on Class A preferred shares. $ Dividends on preferred shares Calculate Skysong's fiscal 2020 basic earnings per share. (Round answer to 3 decimal places, e.g. 15.257.) $ Basic earnings per share Calculate the after-tax interest paid on the 9% bonds. $ After-tax interest on 9% bonds Determine an incremental per share effect for 9% bonds. (Round earnings per share to 3 decimal places, e.g. 15.257.) Determine an incremental per share effect for 9% bonds. (Round earnings per share to 3 decimal places, e.g. 15.257.) Incremental Numerator Effect Incremental Denominator Effect Potentially dilutive security EPS 9% Bonds $ Calculate the after-tax interest paid on the 5% bonds. $ After-tax interest on 5% bonds Determine an incremental per share effect for 5% bonds. (Round earnings per share to 3 decimal places, e.g. 15.257.) Incremental Numerator Effect Incremental Denominator Effect Potentially dilutive security EPS 5% Bonds $ $ Determine an incremental per share effect for Class A preferred shares. (Round earnings per share to 3 decimal places, e.g. 15.257.) Incremental Numerator Effect Incremental Denominator Effect Potentially dilutive security EPS Class A preferred shares $ Calculate the proceeds from assumed exercise of options. $ Proceeds from exercise of options Calculate the ares oustanding upon the exercise of options. The incremental shares oustanding upon the exercise of options. Rank the potentially dilutive securities from most dilutive to least dilutive. Rank the potentially dilutive securities from most dilutive to least dilutive. 9% bonds 5% bonds Class A preferred shares Options Calculate Skysong's fiscal 2020 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 $ $ Diluted EPS