At January $1,2021,$ Canaday Corporation had outstanding the following securities:

$600$ million common shares

$20$ million $6\%$ cumulative preferred shares, $$50$ par

$6\mathrm{.}4\%$ convertible bonds, $$2,000$ million face amount, convertible into $80$ million common shares.

The following additional information is available:

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 $$12$ per share,

were outstanding at the beginning and end of $2021.$ The average market price of Canaday's common stock

was $$18$ per share during $2021.$

Canaday's net income for the year ended December $31,2021,$ was $$1,476$ million. The effective income tax

rate was $25\%.$

Required:

Calculate basic earnings per common share for the year ended December $31,2021.$

Calculate the diluted earnings per common share for the year ended December $31,2021.$