On December $31,2023,$ Berclair Incorporated had $400$ million shares of common stock and $8$ million shares of $9\%,$$$100$ par value

cumulative preferred stock issued and outstanding.

On March $1,2024,$ Berclalr purchased $60$ million shares of Its common stock as treasury stock.

Berclair issued a $6\%$ common stock dividend on July $1,2024.$

Four million treasury shares were sold on October $1.$

Net income for the year ended December $31,2024,$ was $$400$ million.

Also outstanding at December $31$ were $45$ million incentive stock options granted to key executives on September $13,2019.$

The options were exercisable as of September $13,2023,$ for $45$ million common shares at an exercise price of $$50$ per share.

During $2024,$ the market price of the common shares averaged $$75$ per share.

The options were exercised on September $1,2024.$

Required:

Compute Berclair's basic and diluted earnings per share for the year ended December $31,2024.($Shares for stock options and

conversion of convertible securities have been adjusted for any stock split or stock dividend.$)$

Note: Do not round Intermedlate calculatlons. Enter your answers in milllons $($I$.$e$.,10,000,000$ should be entered as $10).$