9 1.25 points eBook Print References Exercise 19-16 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold [LO19-5, 19-6, 19-7] On December 31, 2023, Berclair Incorporated had 540 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2024, Berclair purchased 12 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2024. . Two million treasury shares were sold on October 1. Net income for the year ended December 31, 2024, was $1,000 million. Required: Compute Berclair's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). $ Numerator 946 + Denominator = Earnings per Share = 0

Exercise 19-16 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold [LO19-5, 19-6, 19-7] On December 31, 2023, Berclair Incorporated had 540 million shares of common stock and 6 million shores of 9%,5100 par value cumulative preferred stock issued and outstanding. - On March 1, 2024, Berclair purchased 12 milion shares of its common stock as treasury stock. - Berclair issued a 5% common stock dividend on July 1,2024. - Two million treasury shares were sold on October 1. - Net income for the year ended December 31,2024 , was $1,000million. Required: Compute Berclair's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10)