On December 31, 2020, Berclair Inc. had 400 million shares of common stock and 8 million shares of \9 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 \6 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 \\( \\$ 400 \\) million. Also outstanding at December 31 were 45 million incentive stock options granted to key executives on September 13, 2016. The options were exercisable as of September 13,2020 , for 45 million common shares at an exercise price of \\( \\$ 50 \\) per share. During 2021 , the market price of the common shares averaged \\( \\$ 75 \\) 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 (i.e., \\( 10,000,000 \\) should be entered as 10\\( ) \\). Do not round intermediate calculations.)