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Problem 19-14 (Algo) EPS; convertible preferred stock; convertible bonds; order of entry [LO19-7, 19-9, 19-10] Information from the financial statements of Park-Rao Industries included the following at December 31, 2024: Conmon shares outstanding throughout the year Convertible preferred shares (convertible into 25miltion shares of common) Convertible 84 bonds (convertible into 17.5 million shares of common) 100 million 70 miltion \$ 1,800 miltion Park-Rao's net income for the year ended December 31,2024 , is $760 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