7 Problem 19-18 (Algo) EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19-5, 19-6, 19-7, 19-8, 19-9) 15 points At January 1, 2021, Canaday Corporation had outstanding the following securities: Skipped 630 million common shares 20 million 6% cumulative preferred shares, $50 par 6.4% convertible bonds, $3,500 million face amount, convertible into 80 million common shares eBook The following additional information is available: Ask Print On September 1, 2021, Canaday sold 72 million additional shares of common stock. Incentive stock options to purchase 60 million shares of common stock after July 1, 2020, at $10 per share, were outstanding at the beginning and end of 2021. The average market price of Canaday's common stock was $20 per share during 2021. Canaday's net income for the year ended December 31, 2021, was $1,730 million. The effective income tax rate was 25%. References Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator / Denominator Earnings per share Basic 1 Diluted 1