Wildhorse Corporation had net income for the current year ending December 31, 2023 of $1,087,500. Throughout 2023 the following items were outstanding: - 390,000 common shares - 18,000 Class A $3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 - 49,500 Class B $4 non-cumulative preferred shares that were convertible at a rate of 1 common share for every 2 preferred shares. - $496,000,8% bonds that were convertible to 16,000 common shares - $300,000,10% bonds convertible to 10,000 common shares No dividends were declared or paid in 2023 . Wildhorse's tax rate is 25%. Your answer is correct. Calculate the income effect of the dividends for the Class A preferred shares. Dividends on Class A preferred shares $ Your answer is incorrect. Calculate the income effect of the dividends for the Class B preferred shares. (Do not leave any answer field blank. Enter 0 for amounts.) Dividends on Class B preferred shares eTextbook and Media * Your answer is incorrect. Calculate basic earnings per share. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately). (Round answer to 2 decimal places, e.g. 15.25.) Your answer is incorrect. Determine an incremental per share effect for the Class B preferred shares. (Round earnings per share to 2 decimal places, e.g. 15.25.) Your answer is incorrect. Rank the potentially dilutive securities from most dilutive to least dilutive. Calculate diluted earnings per share. (Round calculations of EPS to 3 decimal places, e.g. 3.545 and provide final answer to 2 decimal Dlaces. e. 15.25.) Wildhorse Corporation had net income for the current year ending December 31, 2023 of $1,087,500. Throughout 2023 the following items were outstanding: - 390,000 common shares - 18,000 Class A $3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 - 49,500 Class B $4 non-cumulative preferred shares that were convertible at a rate of 1 common share for every 2 preferred shares. - $496,000,8% bonds that were convertible to 16,000 common shares - $300,000,10% bonds convertible to 10,000 common shares No dividends were declared or paid in 2023 . Wildhorse's tax rate is 25%. Your answer is correct. Calculate the income effect of the dividends for the Class A preferred shares. Dividends on Class A preferred shares $ Your answer is incorrect. Calculate the income effect of the dividends for the Class B preferred shares. (Do not leave any answer field blank. Enter 0 for amounts.) Dividends on Class B preferred shares eTextbook and Media * Your answer is incorrect. Calculate basic earnings per share. (For simplicity, ignore the requirement to record the debt and equity portions of the convertible bond separately). (Round answer to 2 decimal places, e.g. 15.25.) Your answer is incorrect. Determine an incremental per share effect for the Class B preferred shares. (Round earnings per share to 2 decimal places, e.g. 15.25.) Your answer is incorrect. Rank the potentially dilutive securities from most dilutive to least dilutive. Calculate diluted earnings per share. (Round calculations of EPS to 3 decimal places, e.g. 3.545 and provide final answer to 2 decimal Dlaces. e. 15.25.)