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3 Exercise 19-16 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold LO19-5,19-6, 19-7 2.5 On December 31, 2017, Berclair Inc. had 600 million

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3 Exercise 19-16 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold LO19-5,19-6, 19-7 2.5 On December 31, 2017, Berclair Inc. had 600 million shares of common stock and 9 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 36 million shares of lts common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018, Six million treasury shares were sold on October 1. Net Income for the year ended December 31, 2018, was $1,150 million Print 000 References Compute Berclair's earnings per share for the year ended December 31, 2018. Enter your answers in millions Ce, 10,000 should be entered as 10).)

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