The X Company reported the following data for the calendar year 2020:-

Net Income.$2,250,000

Common shares outstanding, 1,000,000 shares, issued and outstanding....$30,000,000

300,000 call options exercisable at $20 per share with exchange of 2 options

For one common shares

8% convertible bonds. Each $1,000 bond is .. ..$7,500,000

Convertible into 50 common shares.

10% cumulative preferred shares, $100 par value, with each share ....$1,600,000

Convertible into 3 common shares

Additional Information:-

1. The common and preferred shares and the convertible bonds were outstanding from the beginning of the year.
2. In 2020, a $250,000 dividend was declared and distributed, however, no dividends were declared in 2019.
3. The average market price of the common shares in 2020 was $50 per share. The stock price was $37 per share on January 1^st. 2020 and $63 per share on December 31^st.2020.
4. The convertible bonds were sold at par.
5. The income tax rate for 2020 was 30%.

Calculate diluted EPS