51 At January 1, 2021, Canaday Corporation had outstanding the following securities: 680 million common shares 25 million 8% cumulative preferred shares, $50 par 9% convertible bonds, $2,500 million face amount, convertible into 90 million common shares The following additional information is available: On September 1, 2021, Canaday sold 75 million additional shares of common stock Incentive stock options to purchase 60 million shares of common stock after July 1, 2020, at $12 per share were outstanding at the beginning and end of 2021. The average market p of Canaday's common stock was $18 per share during 2021 Canaday's net income for the year ended December 31, 2021, was $1,508 million. The effective income tax rate was 40%. Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator Basic Diluted Denominator Earnings per share