Chapter 19 Homework 4 Print Saved At January 1, 2021, Canaday Corporation had outstanding the following securities: 750 million common shares 20 million 8% cumulative preferred shares, $50 par 6.4% convertible bonds, $2,500 million face amount, convertible into 80 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 Canaday's common stock was $20 per share during 2021. Canaday's net income for the year ended December 31, 2021, was $2,190 million. The effective Income tax rate was 25% Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (l.e., 10,000,000 should be entered as 10).) Numerator Basic Diluted Denominator = Earnings per share =