?On December $31,2023,$ ?Berclair Incorporated had $500$ ?million shares of common stock and $23$ ?million shares of $9\%,$ ?$$100$ ?par value cumulative preferred stock issued and outstanding.

On March $1,2024,$ ?Berclair 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 $$1,150$ ?million.

Also outstanding at December $31$ ?were $90$ ?million incentive stock options granted to key executives on September $13,2019.$

The options were exercisable as of September $13,2023,$ ?for $90$ ?million common shares at an exercise price of $$78$ ?per share.

During $2024,$ ?the market price of the common shares averaged $$90$ ?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.$)$