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Below is an excerpt from the Consolidated Statement of Equity for Conglomerate Y for the scal year ended Year 10 (millions). Conglomerate Y and Subsidiaries

Below is an excerpt from the Consolidated Statement of Equity for Conglomerate Y for the scal year ended Year 10 (millions).

Conglomerate Y and Subsidiaries
Consolidated Statement of Equity
Fiscal Year Ended December 27, Year 10 Shares Amount
Preferred Stock 0.8 $41
Repurchased Preferred Stock
Balance, beginning of year (0.6) (171)
Redemptions (0.1) (10)
Balance, end of year (0.7) $(181)
Common Stock
Balance, beginning of year 1,529 $25
Repurchased common stock (66)
Balance, end of year 1,463 $25
Capital in Excess of Par Value
Balance, beginning of year $4,095
Stock-based compensation expense 297
Stock option exercises, RSUs, PSUs and Yunits converted (200)
Withholding tax on RSUs and PSUs converted (91)
Other 14
Balance, end of year $4,115
Retained Earnings
Balance, beginning of year $46,420
Net income attributable to Conglomerate Y 6,513
Cash dividends declaredcommon (3,814)
Cash dividends declaredpreferred (1)
Cash dividends declaredRSUs and PSUs (26)
Balance, end of year $49,092

Definitions: RSU: restricted stock units; PSU: performance stock units; Yunits: Conglomerate Y equity performance units.

a. Using this information, estimate basic earnings per share. Note: Round your answers to the nearest whole dollar. image text in transcribed

The answer is not 6,484

b. Would we expect the company to report diluted earnings per share

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