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.