On January 1, 2020, Martinez Company issued 10-year, $2,010,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 15 shares of Martinez common stock. Martinezs net income in 2020 was $484,500, and its tax rate was 20%. The company had 95,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. Basis EPS for 2020 is

a. $3.40

b. $5.10

c.$4.64

d. $4.20