At January 1, 2021, Canaday Corporation had outstanding the following securities: 730 million common shares 50 million 5% cumulative preferred shares, $50 par 6.4% convertible bonds, $2,000 million face amount, convertible into 60 million common shares The following additional information is available: On September 1, 2021, Canaday sold 84 million additional shares of common stock. Incentive stock options to purchase 50 million shares of common stock after July 1, 2020, at $10 per share, were outstanding at the beginning and end of 2021. The average market price of Canadays common stock was $25 per share during 2021. Canaday's net income for the year ended December 31, 2021, was $1,528 million. The effective income tax rate was 25%.

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