On December $31,2023,$ Berclair Incorporated had $340$ million shares of common stock and $6$ million shares of $9\%,$ $$100$ par value cumulative preferred stock issued and outstanding.

On March $1,2024,$ Berclair purchased $80$ million shares of its common stock as treasury stock.

Berclair issued a $5\%$ 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 $$500$ million.

Also outstanding at December $31$ were $30$ million incentive stock options granted to key executives on September $13,2019.$

The options were exercisable as of September $13,2023,$ for $30$ million common shares at an exercise price of $$56$ per share.

During $2024,$ the market price of the common shares averaged $$70$ per share.

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.$)$