Exercise 19-24 (Algo) New shares; contingently issuable shares [LO19-6,19-12] During 2024. Its first year of operations, Kevin Berry Industries entered into the following transactions relating to shareholders' equity. The corporation was authorized to issue 100 million common shares, $1 par per share. January 2 Ibsued 55 million cormon shares for eash. January 2 Intered an agreement with the company president to issue up to 2 mifllion additional sharen of comnon stock in 2025 based on the earnings of llerry in 2025 , If net income exceedi $140 mililion, the president vil1 receive 1 million ahares. 2 million ahares if net incone exceeda $150 million. March 31 Issued 4mfllion shares in exchange for plant facilities. Net income for 2024 was $148 milion. Required: Compute basic and diluted 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)