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)		70	million
Convertible 8% bonds (convertible into 14.5 million shares of common)	$	1,100	million

Henderson-Niless net income for the year ended December 31, 2021, is $620 million. The income tax rate is 25%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2021. Required: Compute basic and diluted earnings per share for the year ended December 31, 2021.