Following is information taken from Pharoah Inc.'s December 31, 2017 balance sheet:

8% bonds payable, $5,200,000 maturing December 31, 2020,

each $1,000 bond convertible into 16 common shares$5,200,0005% bonds payable, $3,200,000, maturing December 31, 2025,

each $1,000 bond convertible into 55 common shares at any time up to December 31, 2020$3,200,000Cumulative preferred shares, $6, no-par value, convertible at

1 preferred share for 5 common shares, 106,000 shares outstanding$2,756,000Common shares, no par-value, 2,500,000 shares outstanding

(Round calculations of EPS to 3 decimal places, e.g. $3.545 and provide final answer to 2 decimal places, e.g. 15.25.)