Information from the financial statements of Park-Rao Industries included the following at December 31, 2024 : Common shares outstanding throughout the year Convertible preferred shares (convertible into 20 million shares of common) Convertible 8% bonds (convertible into 19.9million shares of common) 100 million 55 million $2,400 million Park-Rao's net income for the year ended December 31,2024 , is $880 million. The income tax rate is 25%. Park-Raos paid dividends of $2 per share on its preferred stock during 2024 . Requlred: Compute basic and diluted earnings per share for the year ended December 31, 2024. Note: Do not round Intermedlate colculatlons. Except for per shere amounts, enter your onswers In millions (l.e., 10,000,000 should be entered as 10 ). Round "Eornings per share" answer to 2 declmel ploces