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On December 31, 2017 Berclair Inc. had 500 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock

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On December 31, 2017 Berclair Inc. had 500 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 18 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018 Three million treasury shares were sold on October 1. Net Income for the year ended December 31, 2018, was $900 million, Required: Compute Berclair's earnings per share for the year ended December 31, 2018. (Enter your answers in millions (t.e., 10,000,000 should be entered as 10).) Numerator Denominator Earnings por Shure

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