Exerclse 19.18 (Algo) EPS; stock dlvldend; nonconvertlble preferred stock; treasury shares; shares sold; stock optlons exerclsed [LO19-5, 19-6, 19-7, 19-8] On December 31, 2020, Berclalr Inc. had 500 million shares of common stock and 23 million shares of 9%, $100 par value cumulatlve preferred stock Issued and outstanding. On March 1, 2021, Berclair purchased 60 million shares of Its common stock as treasury stock. Berclair Issued a 6% 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 \$1,150 million. Also outstanding at December 31 were 90 million incentlve stock optlons granted to key executlves on September 13 , 2016. The options were exerclsable as of September 13, 2020, for 90 million common shares at an exercise price of $78 per share. Durling 2021 , the market price of the common shares averaged $90 per share. The options were exercised on September 1, 2021. Required: Compute Berclalr's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (L.e., 10,000,000 should be entered as 10 ). Do not round intermediate calculations.)