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 $ 80,000 Calculate diluted EPS.