At December 31, 2018, the financial statements of Hollingsworth Industries included the following: Net income for 2018 $ 590 million Bonds payable, 10%, convertible into 47 million shares of common stock $ 250 million Common stock: Shares outstanding on January 1 450 million Treasury shares purchased for cash on September 1 48 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. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

At December 31, 2018, the financial statements of Hollingsworth Industries included the following: Net income for 2018 Bonds payable, 108, convertible into 47 million shares of common stock Common stock: $590 million $250 million Shares outstanding on January 1 Treasury shares purchased for cash on September1 450 million 48 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. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator DenominatorEarnings per share 0 Diluted 0