At January $1,2024,$ M$.$ E$.$ Galnor Corporation had outstanding the following securitles:

$650$ million common shares

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

$6\mathrm{.}4\%$ convertible bonds, $$3,000$ million face amount, convertible into $60$ million common shares

The following additional information is avallable:

On September $1,2024,$ M$.$ E$.$ Galnor sold $69$ million additional shares of common stock.

Incentive stock options to purchase $80$ million shares of common stock after July $1,2023,$ at $$10$ per share, were outstanding at the beginning and end of $2024.$ The average market price of Gainor's common stock was $$16$ per share during $2024.$

Galnor's net Income for the year ended December $31,2024,$ was $$1,974$ million. The effective Income tax rate was $25\%.$

Required:

& $2$ Calculate basic and the diluted earnings per common share for the year ended December $31,2024.$

Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in millions $(1.$e$.,10,000,000$ should be entered as $10).$ Round "Earnings per share" answer to $2$ decimal places.

$\backslash$table$[[,$Numerator,$,$Denominator,$=,$Earnings per share$],[$Basic$,,,,=,],[$Diluted$,,,,,]]$