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The net income for Rip's Curling Corp. for the year ended December $31,2023,$ was $$700,000.$ Rip had $50,000$ ordinary shares outstanding at the beginning of the year. Rip declared and distributed a three$-$for$-$one stock split on May $1,2023,$ and issued $($sold$)30,000$ ordinary shares on November $1,2023.$

Select details of Rip's liabilities and equities follow:

Bonds A$-$$$1,000,000,6\%,10-$year, semi$-$annual bonds issued on July $1,2023.$ At the option of the holder, each $$1,000$ bond can be converted into $14$ ordinary shares at any time before expiry.

Bonds B$-$$$1,000,000,5\%,$ semi$-$annual bonds maturing September $30,2027.$ The owners of the bonds elect to convert them into $12,000$ ordinary shares on December $1,2023.100,000$ cumulative preferred shares that are each entitled to dividends of $$2$ per annum.

Dividends are not declared in $2023.$ Rip's corporate tax rate was $40\%.$ The recorded conversion factor for the convertible bonds has already been adjusted for the stock split.

Required:

Assuming that the effective rate of interest on the bonds equals the coupon rate:

a$.$ Calculate Rip's basic earnings per share for $2023.$

b$.$ 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.

c$.$ Calculate Rip's diluted earnings per share for $2023.$

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