Q6. Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2016: 100 million 75 million $1,900 million Common shares outstanding throughout the year Convertible preferred shares (convertible into 25 million shares of common) Convertible 10% bonds (convertible into 15.0 million shares of common) Henderson-Niles' net income for the year ended December 31, 2016, is $820 million. The income tax rate is 40%. Henderson-Niles paid dividends of S2 per share on its preferred stock during 2016. Required: 1) Compute basic earnings per share for the year ended December 31, 2016. 2) The incremental effect of the conversion of the preferred stock is: 3) The incremental effect of the conversion of the bonds is: 4) Are convertible preferred stock or convertible bonds dilutive or antidilutive? Order of Entry: 5) Compute diluted earnings per share for the year ended December 31, 2016. y