ercises Help Saved Exercise 19-17 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options (LO19-5, 19-6, 19-7, 19-8] On December 31, 2020, Berclair Inc, had 500 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021. Berclair purchased 144 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 $900 million Also outstanding at December 31 were 30 million incentive stock options granted to key executives on September 13, 2013. The options were exercisable as of September 13, 2020, for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (.e.. 10,000,000 should be entered as 10). Do not round intermediate calculations.) Denominator = Earnings per Share Numerator $ 846 Basic Diluted 1 - Exercise 19-18 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shres; shares sold; stock options exercised (LO19-5, 19-6, 19-7, 19-8) On December 31, 2020, Berclair Inc. had 300 million shares of common stock and 13 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 30 million shares of its common stock as treasury stock Berclair issued a 4% 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 $650 million. Also outstanding at December 31 were 60 million incentive stock options granted to key executives on September 13, 2016. The options were exercisable as of September 13, 2020, for 60 million common shares at an exercise price of $60 per share. During 2021, the market price of the common shares averaged $80 per share. The options were exercised on September 1, 2021. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (.e., 10,000,000 should be entered as 10). Do not round Intermediate calculations.) Numerator Denominator = Earnings per Share $ 533 Basic Diluted - search Exercise 19-19 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shar s; shares sold; stock options, convertible bonds (LO19-5,19-6, 19-7, 19-8, 19-9) On December 31, 2020. Berclair Inc. had 540 million shares of common stock and 3 million shares of 9%, $100 a 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 $900 million. The income tax rate is 25% Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 206. The options are exercisable as of September 13, 2020, for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share. In 2017, 550,0 million of 8% bonds, convertible into 6 million common shares, were issued at face value. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e. 10,000,000 should be entered as 10). Do not round Intermediate calculations.) Numerator Denominator Earnings per Share Basic Diluted arch