Axel Co. had 100,000 shares of common stock outstanding on January 1, 2020, and had the following changes in its common stock during the period: Apr 1, 2020: Issued 20,000 shares for cash; Jun 1, 2020: Purchased 30,000 shares; Jul 1, 2020: Issued 20% stock dividend; Oct 1, 2020: Issued 10,000 shares for cash; Dec 1, 2020:

Stock split 2-1. Axel had 10,000 shares of convertible preferred stock outstanding throughout 2020. Each preferred stock is $100 par, 8%, and is convertible into 10 shares of common. Axel also had 500, 10%, convertible bonds outstanding throughout 2020. Each $1,000 bond is convertible into 65 shares of common. The bonds sold originally at face value. There were 20,000 options to buy common stock at $20 a share outstanding. The market price for the common stock averaged $25 during 2020. Reported net income for 2020 was $300,000 with a 40% tax rate. Common shareholders received $2 per share dividends after preferred dividends were paid in 2020.

Calculate the Basic EPS and the Diluted EPS.