LO19-7 E 19-16 EPS, stock dividend; nonconvertible preferred stock; treasury shares; shares sold L019-5, LO19-6 LO19-7 dimo On December 31, 2017, Berclair Inc. had 200 million shares of common stock and 3 million shares of % $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchase 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on bel 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 200 was $150 million. Required: Compute Berelair's earnings per share for the year ended December 31, 2018