Need help and thanks! Witter House is a calendar$-$year firm with $390$ million common shares outstanding throughout $2021$ and $2022.$ As part of its executive compensation plan, at January $1,2020,$ the company had issued $40$ million executive stock options permitting executives to buy $40$ million shares of stock for $\backslash (\backslash$$ $12\backslash )$ within the next eight years, but not prior to January $1,2023.$ The fair value of the options was estimated on the grant date to be $\backslash (\backslash$$ $3\backslash )$ per option. In $2021,$ Witter House began granting employees stock aw its ther than stock options as part of its equity compensation plans and granted $20$ million restricted common shares to senior execu...s at January $1,2021.$ The shares vest four years later. The fair value of the stock was $\backslash (\backslash$$ $16\backslash )$ per share on the grant date. The average price of the common shares was $\backslash (\backslash$$ $16\backslash )$ and $\backslash (\backslash$$ $20\backslash )$ during $2021$ and $2022.$ respectively. The stock options qualify as an incentive plan. The restricted stock does not. The company's net income was $\backslash (\backslash$$ $240\backslash )$ million and $\backslash (\backslash$$ $250\backslash )$ million in $2021$ and $2022,$ respectively. Required: $1.$ Compute basic and diluted earnings per share for Witter House in $2021.2.$ Compute basic and diluted earnings per share for Witter House in $2022.($For all requirements, do not round intermediate calculations. Enter your answers in millions rounded to $2$ decimal places $($i$.$e$.,\backslash (10,000,000\backslash )$ should be entered as $10).$ Round "Earnings per share" answers to $2$ decimal places.$)$