The following information is from Alberta Ltd financial statements for the year ended Dec 31, 2020: - Net income for the year $ 276,000. - 8% Convertible bonds issued at par $1,000,000 ($1000 per bond), each bond convertible into 30 common shares. $1,000,000 - $8 dividend, 1000 convertible preferred shares issued at Par ($100) $100,000 Each preferred share converted into 20 common shares - Common shares 600,000 authorized,60,000 issued and outstanding $600,000 - Stock options (call option granted in a prior year) to purchase 10,000 common shares at $12 per common share. Average market price per common share during 2020 was $20, and the tax rate for 2018 is 30% There were no changes during 2020 in the number of common shares, preferred shares, stock options or convertible bonds. Alberta ltd. declare and pay $100,000 dividend during 2020. Also for simplicity, ignore the requirement to book the convertible bonds equity portion separately. Instruction: - Calculate the basic EPS for 2020 - Calculate diluted EPS for 2020 4.47 and 0.20 are NOT THE ANSWERS