Exercise $19-16($Algo$)$ EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold

$[$LO$19-5,19-6,19-7]$

On December $31,2023,$ Berclair Incorporated had $300$ million shares of common stock and $8$ million shares of $9\%,$$$100$ par value

cumulative preferred stock issued and outstanding.

On March $1,2024,$ Berclair purchased $54$ million shares of its common stock as treasury stock.

Berclair issued a $5\%$ common stock dividend on July $1,2024.$

Nine million treasury shares were sold on October $1.$

Net income for the year ended December $31,2024,$ was $$400$ million.

Required:

Compute Berclair's 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 $10).$