Exercise 19-24 (Static) 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. Tonvery 2 Tssued as million conmon shares for cash. January 3 tntered an agreenent with the company president to issue up to 2 aililion additional shoces of connon stock in 2025 bosed on the carnings of berry in 2025 . If net Income exceeds $140 allilion, the president will recelive 1 wilifion shares; 2 nillion shares if net incone exceeds \$15e sililion. March 31 issued 4 million shares in exchange for plant facilities. Net income for 2024 was $148 milition. 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)