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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. 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