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

Net income for 2021	$	550	million
Bonds payable, 8%, convertible into 43 million shares of common stock	$	400	million
Common stock:
Shares outstanding on January 1		550	million
Treasury shares purchased for cash on September 1		39	million

Additional data: The bonds payable were issued at par in 2019. The tax rate for 2021 was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2021.