At 2020 fye Poppers Corp. Net Income was $4.830 m and the company had an issue of 24,000 options with a strike price of $50.00. There were 2.8 m shares of common stock outstanding. The companys market cap was $127 m and its balance sheet showed $3.6m of $100 par, 4.3% convertible preferred stock. Poppers uses the treasury method for calculating diluted eps. The preferred stock may be converted at the ratio of four common shares per one share of preferred.

What is the basic and fully diluted eps?

Please explain how you got the answer