At January 1, 2018, Canaday Corporation had outstanding the following securities: 760 million common shares 30 million 6% cumulative preferred shares, $50 par 7% convertible bonds, $3,000 million face amount, convertible into 90 million common shares The following additional information is available:

On September 1, 2018, Canaday sold 81 million additional shares of common stock.

Incentive stock options to purchase 50 million shares of common stock after July 1, 2017, at $10 per share were outstanding at the beginning and end of 2018. The average market price of Canadays common stock was $20 per share during 2018.

Canaday's net income for the year ended December 31, 2018, was $1,540 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, 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Numerator/ Denominator = earnings per share Diluted earnings = $1576 / ? = ?