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A20-20 EPS, Individual Effect, Cascade (LO 20-2, 20-3) The Birch Corp. has the following items in its capital structure at 31 December 207, the end of the fiscal year: a. Options to purchase 410,000 common shares were outstanding for the entire period. The exercise price is $18.00 per share. The average common share price during the period was $41 b. Preferred shares, $3 annual dividend, cumulative, no-par, convertble into common shares at the rate of 6 shares of common for each preferted share. 7,100shares were outstanding for the whole year. c. $3.01 million par value of 6% debentures, outstanding for the entire year. Debentures are convertible into 4 common shares for each $100 bond. Interest expense of $286,000 was recognized during the year. d. Preferred shares, $4 annual dividend, cumulative, no-par, convertible into common shares at the rate of 2 shares of common for each one preferred share. 4,100 shares were outstanding for the entire year. No dividends were declared in 207 on these shares. e. $8.01 million par value of 6.5% debentures, outstanding for the entire year. Debentures are convertible into a total of 530.000 common shares. Interest expense of $661,000 was recognized during the year. Required: 1. Calculate the indlidiual effect for diluted EPS for each of the above ltems. The tax rate is 40%. For options, calculate shares issued and shares retired. (Enter your answers in thousands not in millions of dollars. Round "Individual Effect" answers to 2 decimal places and other answers to the nearest dollar amount.) 2. Assume Birch reported basic EPStrom continuing operations items of $1.40=([$1,100,000$21,300$16,400)760,000) discontinued operations gain of $1.05=($800,000+760,000) and EPS for net earnings of $2,45=[($1,900,000$21,300$16,400) +760,000 ). 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.)