Net income for 2020 was $9,800 and preferred dividends paid were $900. On Jan. 1, 2020, there were 4500 common shares outstanding. 850 common shares issued on April 1, 2020. On Nov. 1, 2020, 5500 common shares were repurchased. Common shares outstanding on Dec 31, 2020 were 4800. Basic eps = NUM/DEN. Net income for a period was $6,250. Common shares outstanding were 2,500 and convertible preferred shares outstanding were 90. Each preferred share pays a dividend of $20 per share, and each one can be converted into 5 common shares. Diluted eps = NUM/DEN