5 On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 8 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 54 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Nine million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $400 million. 0.5 points Required: Compute Berclair's 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).) eBook Numerator Denominator Earnings per Share Print References