On December 31, 2020 , Berclair Inc. had 320 million shares of common stock and 9 million shares of 9%,5100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 60 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1,2021. Ten million treasury shares were sold on Octaber 1 Net income for the year ended December 31,2021 , was $450 million. Required: Compute Berclair's earnings per share for the year ended December 31, 2021. (Enter your answers in millions (L.e., 10,000,000 should be entered as 10).) Proferred stock issued and outstanding. On March 1, 2021, Berclair purchased 40 mililion shares of its common stock as treatury stock Berclair issued a 5% common stock dividend on July 1,2021 . Four million treasury shares were sold on October 1 , Net income for the year ended December 31, 2021, was $300 milition. Also outstanding at December 31 were 36 milion incentive stock options granted to key executives on September 13,2016 . The options were exercisable as of September 13, 2020 , for 36 milion common shares at an exercise price of 540 per thate. During 292 . the market price of the common shares averaged $60 per share. The options were exercised on September 1, 2021. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31,2021 , (Enter your answers in millions (ia-1. 10,000,000 should be entered as 10). Do not round intermediate calculations.)