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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

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 20 million shares of common) 65 million
Convertible 10% bonds (convertible into 14.5 million shares of common) $ 1,700 million

Henderson-Niles net income for the year ended December 31, 2016, is $810 million. The income tax rate is 40%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2016.

Required:

Compute basic and diluted earnings per share for the year ended December 31, 2016.

in the form of Numerator/Denominator

Basic=

Diluted=

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