Common shares outstanding throughout the year 100 million Convertible preferred shares (convertible into 16million50million shares of common) Convertible 8% bonds (convertible into 18.5 million shares of $2,300 million common) Park-Rao's net income for the year ended December 31,2024 , is $860 million. The income tax rate is 25%. Park-Raos paid dividends of $2 per share on its preferred stock during 2024. Required: Compute basic and diluted earnings per share 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