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can you help me with this problem Witter House is a calendar-year rm with 450 million common shares outstanding throughout 2013 and 2019. As part

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Witter House is a calendar-year rm with 450 million common shares outstanding throughout 2013 and 2019. As part of its executive com pensation plan. at January 1. 201?, the com panv had issued 35 million executive stock options permitting executives to buy 35 million shares of stock for $15 within the next eight years, but not prior to January 1. 2020. The fair value of the options was estimated on the grant date to be $3 per option. In 2013, Witter House began granting employees stock awards rather than stock options as part of its equity compensation plans and granted 20 million restricted common shares to senior executives at January 1, 2013. The shares vest four years later. The fair value of the stock was $16 per share on the grant date. The average price of the common shares was $15 and $25 during 2013 and 2019, reSpectively. The stock Options qualify for tax purposes as an incentive plan. The restricted stock does not The company's net income was $300 million and $310 million in 2013 and 2019.. respectively. Its income tax rate is 40%. Required: 1. Compute basic and diluted earnings per share for Witter House in 2013. 2. Compute basic and diluted earnings per share for Witter House in 2019. {For all requirements, do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal plaoes ti.e.. 10,000,000 should be entered as 10.00).)

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