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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

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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 20 million shares of common) Convertible 10% bonds (convertible into 19.0 million shares of common) 100 million 55 million $2,400 million Henderson-Niles's net income for the year ended December 31, 2018, is $880 million. The income tax rate is 40%. Hendersc paid dividends of $2 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 Basic Diluted Denominator Earnings per share

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