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 49 million shares of conoon) convertible 8% bonds (convertible into 13.5milli on shares of comnon) 160million65million51,690million Park-Rao's net income for the year ended December 31, 2024, is $600 million. The income tax rate is 25%. Park-Raos paid dividends of \$2 per share on its preferred stock during 2024. Required: Compute basic and diluted earnings per share for the year ended December 31, 2024 Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in millions (i.e, 10,000,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places