question 6

Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2021: Common shares outstanding throughout the year Convertible preferred shares (convertible into 10 million shares of common) Convertible 8% bonds (convertible into 17.0 million shares of common) 100 million 30 million $2,200 million Henderson-Niles's net income for the year ended December 31, 2021, is $840 million. The income tax rate is 25%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2021. Required: Compute basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Round "Earnings per share" answers to 2 decimal places.) Numerator Denominator Earnings per share Basic Diluted