XYZ Corporation has the following stock information for the year ending December 31, 2020:

Jan 1st 2020 Beginning balance of shares issued and outstanding 100,000 March 1st 2020 Issued shares 20,000 July 1st 2020 Stock dividends 20% Sept 1st 2020 Purchased back shares 40,000 December 1st 2020 Stock split 3 for 1

Other financial information:

Net income $ 20,000,000 Tax rate 40% Preferred stock: Preferred stock: 50,000 shares outstanding, $100 par value, 8% cumulative, not convertible Bonds: On September 1st, 2015, XYZ sold at face value 500 of its 10%, 20-year, $1,000 face value bonds. Each bond is convertible to 100 shares Bonds pay interest annually. Cash Dividends: Declared in 2020 Zero Paid in 2020 dividends declared in 2019

Calculate diluted EPS.