XYZ is a greeting card company for cats that had 80,000 ordinary shares outstanding in all of 2017. On January 1, 2015, XYZ issued at par, $300,000 in 4% bonds maturing on January 1, 2027. Each $1,000 bond is convertible into 20 ordinary shares. Assume the effective interest rate is 4%. There are 4,000 $100 outstanding cumulative preferred shares that are each entitled to an annual dividend of $2. Dividends of $5,000 were declared on December 15, 2017 and paid on January 6, 2018. Each preferred share is convertible into 3 ordinary shares. XYZ's net income for the year ended December 31, 2017 was $300,000. Its income tax rate was 30%.

a. Calculate the basic and diluted EPS for 2017.