During 2018, its first year of operations, McCollum Tool Works entered into the following transactions relating to shareholders equity. The corporation was authorized to issue 100 million common shares, $1 par per share.

Jan.		2		Issued 45 million common shares for cash.
		3		Entered an agreement with the company president to issue up to 2 million additional shares of common stock in 2019 based on the earnings of McCollum in 2019. If net income exceeds $130 million, the president will receive 1 million shares; 2 million shares if net income exceeds $140 million.
Mar.		31		Issued 4 million shares in exchange for plant facilities.

Net income for 2018 was $135 million. Required:

Compute basic and diluted earnings per share for the year ended December 31, 2018.