Select information for Gails Play School Corp. GPSC follows: GPSC earned net income of $ for the year ended December GPSC was subject to a tax rate. GPSC had ordinary shares outstanding

during the entire year; their average market price was $GPSC had $ in  cumulative preferred shares outstanding during the entire year. At the option of the holder, each $ share is convertible into four ordinary shares anytime after December GPSC did not declare dividends in  but paid out $ in dividends declared in GPSC had series A stock options outstanding the entire year that allowed employees to buy  ordinary shares for $ each until December  and for $ each from January  until December GPSC had series B stock options outstanding the entire year that allowed employees to buy  

ordinary shares for $ each until December GPSC had $ in  bonds maturing on December  that were outstanding the entire year. Each $ bond is convertible into  ordinary shares anytime

before expiry. Assume that the effective rate of interest on the bonds equals the coupon rate.

Required: Calculate GPSCs basic EPS for the year ended December Prepare a schedule that sets out the income effect, share 

effect, and incremental EPS for each security that is convertible into ordinary shares. Rank the potential ordinary shares by their dilutiveness.Calculate GPSCs diluted EPS for the year ended December