Exercise 19-16 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options exercised [LO19-5, 19-6, 19-7, 19-8] On December 31, 2012, Berclair Inc. had 540 million shares of common stock and 21 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2013, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2013. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2013, was $900 million. Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2008. The options are exercisable as of September 13, 2012, for 84 million common shares at an exercise price of $75 per share. During 2013, the market price of the common shares averaged $100 per share. The options were exercised on September 1, 2013. Required: Compute Berclairs basic and diluted earnings per share for the year ended December 31, 2013. (Round your answers to 2 decimal places.)