Information from the financial statements of Park-Rao Industries included the following at December 31, 2024: Common shares outstanding throughopt the year convertible preferred shares (convertible into 20 aillion shares of cosmon) Convertible 8 bonds (convertible into 14.0million shares of common) 100million55million$1,500million Park-Roo's net income for the year ended December 31, 2024, is $720 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 Decamber 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