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

. On January 1, 2021, 660 million common shares 20 million 6% cumulative preferred share, $50 par,

6.4 % convertible bond, 3500 million face amount. convertible into 70 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 40 million shares of common stock after July 1, 2020, at $14 per share, were outstanding at the beginning and end of 2021. The average market price of Canadays common stock was $ 20 per share during 2021.

Canaday's net income for the year ended December 31, 2021, was $1500 million, the effective income tax rate was 25%.