At December 31, 2024, the financial statements of Hollingsworth Industries included the following: Net income for 2024 Bonds payable, 8%, convertible into 55 million shares of conmon stock $476 million Common stock: Shares outstanding on January 1 Treasury shares purchased for cash on September 1 583 mitlion 36 mitlion Additional data: The bonds payable were issued at par in 2022. The tax rate for 2024 was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in millions (i.e., 10,000,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places. On January 1, 2024, Jaewoo Industries had outstanding 540,000 common shares (\$1 par) that originally sold for $30 per share, and 3,000 shares of 10% cumulative preferred stock ( $100 par), convertible into 30,000 common shares. - On October 1, 2024, Jaewoo sold and issued an additional 20,000 shares of common stock at $43. - At December 31, 2024, there were 25,000 incentive stock options outstanding, issued in 2023, and.exercisable after one year for 25,000 shares of common stock at an exercise price of $40 - The market price of the common stock at year-end was $58. - During the year, the price of the common shares had averaged $50. - Net income was $680,000. The tax rate for the year was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10 ). Round "Earnings per share" answer to 2 decimal places