E 19-16 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold LO19-5, LO19-6. LO19-7 On December 31, 2020, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1. 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $150 million. Required: Compute Berclair's earnings per share for the year ended December 31, 2021.