At December $31,2021,$ the financial statements of Hollingsworth Industries included the following:

Net income for $2021$

Bonds payable, $8\%,$ convertible into $36$ million shares of common stock

Common stock:

Shares outstanding on January $1$

Treasury shares purchased for cash on September $1$

Additional data:

The bonds payable were issued at par in $2019.$ The tax rate for $2021$ was $25\%.$

$$560$ million

$$300$ million

$400$ million

$30$ million

Required:

Compute basic and diluted EPS for the year ended December $31,2021.$