At January 1, 2016, Canaday Corporation had outstanding the following securities:

600 million common shares

20 million 6% cumulative preferred shares, $50 par

8% convertible bonds, $2,000 million face amount, convertible into 80 million common shares

The following additional information is available:

	On September 1, 2016, Canaday sold 72 million additional shares of common stock.
	Incentive stock options to purchase 60 million shares of common stock after July 1, 2015, at $12 per share were outstanding at the beginning and end of 2016. The average market price of Canadays common stock was $18 per share during 2016.
	Canaday's net income for the year ended December 31, 2016, was $1,476 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, 2016.(Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)