A Co. had 100,000 shares of common stock outstanding and paid common $200,000 in dividends. They also had outstanding 20,000 shares of preferred stock that were convertible into 10,000 shares of common stock and paid $100,000 preferred stock dividend. A Co had 200,000 stock options exercisable at $40 and were outstanding all year. The average price of stock was $50. A Co also had $1.5 million face value of 6% bonds that were convertible into 15,000 shares of common stock. A Co. had income of $1 million for the year and an income tax rate of 25%. REQUIRED: Show Basic EPS and Diluted EPS. Be certain to show your work.