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

Net income for 2018	$	510	million
Bonds payable, 10%, convertible into 39 million shares of common stock	$	400	million
Common stock:
Shares outstanding on January 1		500	million
Treasury shares purchased for cash on September 1		36	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.