firm with 600 million common shares ous 2018 and 201 kopptions permitting executives to buy 60 million shares of stook fosmated on plan, at J anwary 1,2017, the company had issedre wishisn elrht yeans, but not prior to January 1, 2020. The fair value of the opt to be 53 per option in 2018, JD began granting employees stock awards 201&. The shares vest four years later. The fair value of the stock was average market price of the common shares was 512 and $15 during compensation plans and granted 30 million restricted common shares wn are on the rather than stock options as part of its equity 512 per share on the grant date 2018 and 2019, respectively. date. T The stock options qualify for tax purposes as an incensno company's income before tax was $400 million and $500 restricted stock does not. The million, and the nct income was 5240 million and $300 million, in 2018 and 2019, respectively Required: I. Determine basic and diluted earnings per s 2. Determine basic and diluted hare (rounded to 2 decimal places) for JD in 2018 earnings per share for JD (rounded to 2 decimal places) in 2019. firm with 600 million common shares ous 2018 and 201 kopptions permitting executives to buy 60 million shares of stook fosmated on plan, at J anwary 1,2017, the company had issedre wishisn elrht yeans, but not prior to January 1, 2020. The fair value of the opt to be 53 per option in 2018, JD began granting employees stock awards 201&. The shares vest four years later. The fair value of the stock was average market price of the common shares was 512 and $15 during compensation plans and granted 30 million restricted common shares wn are on the rather than stock options as part of its equity 512 per share on the grant date 2018 and 2019, respectively. date. T The stock options qualify for tax purposes as an incensno company's income before tax was $400 million and $500 restricted stock does not. The million, and the nct income was 5240 million and $300 million, in 2018 and 2019, respectively Required: I. Determine basic and diluted earnings per s 2. Determine basic and diluted hare (rounded to 2 decimal places) for JD in 2018 earnings per share for JD (rounded to 2 decimal places) in 2019