nformation from the financial statements of Henderson-Niles Industries included the following at December 31, 2018:

Common shares outstanding throughout the year		100	million
Convertible preferred shares (convertible into 25 million shares of common)		75	million
Convertible 10% bonds (convertible into 15.0 million shares of common)	$	1,900	million

Henderson-Niless net income for the year ended December 31, 2018, is $820 million. The income tax rate is 40%. Henderson-Niles 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 Denominator = Earnings per share 1 Basic Diluted 1