The shareholders equity of Cameron Corp as of 31 December 2016, the end of the current fiscal year, is as follows $1 cumulative preferred shares, no par, convertible at the rate of 2 for 1 270,000 shares outstanding $9,166,000 Common shares, no par 1,900,000 shares outstanding 16,600,000 Common stock conversion rights 247,000 Retained earnings 30,760,000 Additional information On 1 July 2016, 182,000 preferred shares were converted to common shares at the rate of 2 for 1 During 2016, Cameron had convertible subordinated debentures outstanding with a face value of $4,160,000 The debentures are due in 2012, at which time they may be converted to common shares or repaid at the option of the holder The conversion rate is 10 common shares for each $100 debenture Interest expense of $191,000 was recorded in 2016 The convertible preferred shares had been issued in 2010 Quarterly dividends, on 31 March, 30 June, 30 September, and 31 December, have been regularly declared The companys 2016 net earnings were $2,321,000, after tax at 25 Common shares traded for an average price of $34, stable in each quarter of the year Cameron had certain employee stock options outstanding all year The options were to purchase 440,000 common shares at a price of $30 per share The options become exercisable in 2013 Cameron had another 116,000 employee stock options outstanding on 1 January 2016, at an exercise price of $38 They expired on 30 June 2016 Required 1 Calculate the basic Earning Per Share (Do not round intermediate calculations Round your answer to 2 decimal places ) 2 Calculate the Individual effects for preferred shares (converted), preferred shares, (unconverted) and debentures (Do not round intermediate calculations Round your answers to 2 decimal places ) Individual Effects Preferred shares, converted Preferred shares, unconverted Debentures 3 Calculate the Diluted Earning Per Share (Do not round intermediate calculations Round your answer to 2 decimal places )

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The shareholders equity of Cameron Corp. as of 31 December 2016, the end of the current fiscal year, is as follows: $1 cumulative preferred shares,

The shareholders equity of Cameron Corp. as of 31 December 2016, the end of the current fiscal year, is as follows:

$1 cumulative preferred shares, no-par, convertible at the rate of 2-for-1; 270,000 shares outstanding $9,166,000

Common shares, no-par; 1,900,000 shares outstanding 16,600,000

Common stock conversion rights 247,000 Retained earnings 30,760,000

Additional information:

On 1 July 2016, 182,000 preferred shares were converted to common shares at the rate of 2-for-1.
During 2016, Cameron had convertible subordinated debentures outstanding with a face value of $4,160,000. The debentures are due in 2012, at which time they may be converted to common shares or repaid at the option of the holder. The conversion rate is 10 common shares for each $100 debenture. Interest expense of $191,000 was recorded in 2016.
The convertible preferred shares had been issued in 2010. Quarterly dividends, on 31 March, 30 June, 30 September, and 31 December, have been regularly declared.
The companys 2016 net earnings were $2,321,000, after tax at 25%. Common shares traded for an average price of $34, stable in each quarter of the year.
Cameron had certain employee stock options outstanding all year. The options were to purchase 440,000 common shares at a price of $30 per share. The options become exercisable in 2013.
Cameron had another 116,000 employee stock options outstanding on 1 January 2016, at an exercise price of $38. They expired on 30 June 2016

Required: 1. Calculate the basic Earning Per Share. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

2. Calculate the Individual effects for preferred shares (converted), preferred shares, (unconverted) and debentures. (Do not round intermediate calculations. Round your answers to 2 decimal places.)