During 2021, 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 75 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 2022 based on the earnings of McCollum in 2022. If net income exceeds $120 million, the president will receive 1 million shares; 2 million shares if net income exceeds $130 million.
Mar.		31		Issued 4 million shares in exchange for plant facilities.

Net income for 2021 was $125 million.

Compute basic and diluted earnings per share for the year ended December 31, 2021. (Do not round intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)