On December $31,2023,$ Berclair Incorporated had $380$ million shares of common stock and $3$ million shares of $9\%,$ $$100$ par value cumulative preferred stock issued and outstanding.

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.$)$