During $2024,$ its first year of operations, Kevin Berry Industries entered into the following transactions relating to shareholders$$ equity. The corporation was authorized to issue $100$ million common shares, $$1$ par per share.

January $2$ Issued $70$ million common shares for cash.

January $2$ Entered an agreement with the company president to issue up to $2$ million additional shares of common stock in $2025$ based on the earnings of Berry in $2025.$ If net income exceeds $$120$ million, the president will receive $1$ million shares; $2$ million shares if net income exceeds $$130$ million.

March $31$ Issued $4$ million shares in exchange for plant facilities.

Net income for $2024$ was $$124$ million.

Required:

Compute basic and diluted earnings per share for the year ended December $31,2024.$

Note: Do not round intermediate calculations. Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$