The Birch Corp. has the following items In Its capltal structure at $31$ December $20$X$7,$ the end of the fiscal year:

a$.$ Options to purchase $510,000$ common shares were outstanding for the entire perlod. The exercise price is $$23\mathrm{.}00$ per share. The average common share price during the perlod was $$51.$

b$.$ Preferred shares, $$4$ annual dividend, cumulative, no$-$par, convertible into common shares at the rate of $4$ shares of common for each preferred share. $8,100$ shares were outstanding for the whole year.

c$.$ $$3\mathrm{.}11$ million par value of $5\%$ debentures, outstanding for the entire year. Debentures are convertible into $6$ common shares for each $$100$ bond. Interest expense of $$296,000$ was recognized during the year.

d$.$ Preferred shares, $$6$ annual dividend, cumulative, no$-$par, convertible into common shares at the rate of $5$ shares of common for each one preferred share. $5,100$ shares were outstanding for the entire year. No dividends were declared in $207$ on these shares. common shares. Interest exp debentures, outstanding for the entire year. Debentures are convertible Into a total of $630,000$

Required:

Calculate the Individual effect for diluted EPS for each of the above items. The tax rate is $30\%.$ For options, calculate shares issued and shares retired. $($Enter your answers in thousands not In millions of dollars. Round "Indlvidual Effect" answers to $2$ decimal places and other answers to the nearest dollar amount.$)$

$\backslash$table$[[,$Earnings effect,Shares issued,Individual Effect$],[($a$)$ Options,,,$],[$Shares issued,,,$],[$Shares refired,,,$],[($b$)$ $$4$ Preferred shares,,,$],[($c$)5\%$ Debentures,,,$],[($d$)$ $$6$ Preferred shares,,,$],[($e$)4\mathrm{.}5\%$ Debentures,,,$]]$

$2$ Assume Birch reported basic EPS from continuing operations Items of $$2\mathrm{.}37=[($$$2,100,000-$$$32,400-$$$30,600)860,000].$ discontinued operations gain of $$1\mathrm{.}51=($$$1,300,000860,000)$ and EPS for net earnings of $$30,600].$ Calculate diluted EPS, and show how it would be presented on the statement of comprehensive income. $($Round the final answers to the $2$ decimal places.$)$

$\backslash$table$[[$BIRCH CORPORATION$],[$Statement of Comprehensive Income$],[,,,$Diluted$],[$Earnings from continuing operations,$$,237,],[$Discontinued operations,$$,1\mathrm{.}51,],[$Net earnings,$$,3\mathrm{.}88,0\mathrm{.}00]]$