At January 1, 2016, Canaday Corporation had outstanding the following securities:

	730 million common shares
	50 million 5% cumulative preferred shares, $50 par
	6% convertible bonds, $2,000 million face amount, convertible into 60 million common shares

The following additional information is available:

	On September 1, 2016, Canaday sold 84 million additional shares of common stock.
	Incentive stock options to purchase 50 million shares of common stock after July 1, 2015, at $10 per share were outstanding at the beginning and end of 2016. The average market price of Canadays common stock was $25 per share during 2016.
	Canaday's net income for the year ended December 31, 2016, was $1,528 million. The effective income tax rate was 40%.

Required:

1. & 2.	Calculate basic and diluted earnings per common share for the year ended December 31, 2016. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

2

Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2016:

Common shares outstanding throughout the year		100	million
Convertible preferred shares (convertible into 30 million shares of common)		65	million
Convertible 10% bonds (convertible into 21.5 million shares of common)	$	2,600	million

Henderson-Niles net income for the year ended December 31, 2016, is $920 million. The income tax rate is 40%. Henderson-Niles paid dividends of $3 per share on its preferred stock during 2016.

Required:

Compute basic and diluted earnings per share for the year ended December 31, 2016. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)