TO Juanswer Marked out of 1 P Flag question Palestine Bank has the following Earnings and Securities: Net income for 2020 $450,000 Weighted average common shares 100,000 outstanding during 2020 10% cumulative, convertible preferred stock, par value $100; 20,000 shares authorized, 5,000 shares issued and outstanding. Each share of preferred stock is convertible into 2 shares of common stock. Preferred dividends were not declared in 2020. No preferred stocks were converted during 2020. The incremental per share effect amount for the 10% cumulative, convertible preferred stock for 2020 is a. $5 Anti-Dilutive. O b. $4 Anti-Dilutive. c. $4.50 Anti-Dilutive. d. $3.50 Dilutive