Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year Convertible preferred shares (convertible into 40 million shares of common) Convertible 10% bonds (convertible into 16.2 million shares of common) 180 million 50 million $1,400 million Henderson-Niles's net income for the year ended December 31, 2018, is $710 million. The income tax rate is 40%. Henderson-Niles paid dividends of $4 per share on its preferred stock during 2018 Required: Compute basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator 1 Denominator = Earnings per share Basic Diluted =