Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2021:

Common shares outstanding throughout the year 100 million

Convertible preferred shares (convertible into 40 million shares of common) 75 million

Convertible 8% bonds (convertible into 15.0 million shares of common) $ 1,200 million

Henderson-Niless net income for the year ended December 31, 2021, is $640 million. The income tax rate is 25%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2021.

Compute basic and diluted earnings per share for the year ended December 31, 2021.