At December 31, 2018, the financial statements of Hollingsworth Industries included the following:

Net income for 2018 .........................................................................$560 million

Bonds payable, 10%, convertible into 36 million shares of common stock ..........$300 million

Common stock:

Shares outstanding on January 1 ............................................................400 million

Treasury shares purchased for cash on September 1 .......................................30 million

Additional data:

The bonds payable were issued at par in 2016. The tax rate for 2018 was 40%.

Required:

Compute basic and diluted EPS for the year ended December 31, 2018.