On December 31, 2017, Berclair Inc. had 500 million shares of common stock and 22 million shares of 9%, 5100 par value cumulative preferred stock issued and outstanding on March 1, 2018, Berclair purchased 30 million shares of its common stock as treasury stock Berclair issued a 4% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net Income for the year ended December 31, 2018, was $1100 million Also outstanding at December 31 were 72 million incentive stock options granted to key executives on September 13, 2013. The options were exercisable as of September 13, 2017 for 72 million common shares at an exercise price of S60 per share. During 2018, the market price of the common shares averaged $90 per share. The options were exercised on September 1, 2018 Required: Compute Berciair's basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in millions (ie. 10,000,000 should be entered as 10).) Earnings per Share Basic EPS Diluted EPS Numerator Denominator 2 1