At Dec. 31, 2018, the financial statements of Clevenger Casting Corporation included the following:

Net income for 2018 $500 m

Common stock, $1 par:

shares outstanding on Jan. 1 150m shares

shares retired for cash on Feb. 1 24 m

2-for-1 split on July 23

shares sold for cash on Sept. 1 18m

Preferred stock, 10%, $70 par, cumulative, nonconvertible $70m

Determine the basic EPS for 2018