On December 31, 2020, Berclair Inc. had 520 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury 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 $850 million. The income tax rate is 25%. Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2016. The options are exercisable as of September 13, 2020 for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share, In 2017. $50.0 million of 8% bonds, convertible into 6 million common shares, were issued at face value. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions li.., 10,000,000 should be entered as 10). Do not round intermediate calculations.) Denominator Numerator $ 923 Earnings per Share Basic Diluted 1 Stanley Department Stores reported net income of $986,000 for the year ended December 31, 2021, Additional Information: 150,000 36,000 Common shares outstanding at Jan. 1, 2021 Incentive stock options (vested in 2020) outstanding throughout 2021 (Each option is exercisable for one common share at an exercise price of $29.00) During the year, the market price of Stanley's connon stock averaged $34.80 per share. On Aug. 30, Stanley sold 15,000 conmon shares. Stanley's only debt consisted of $48,000 of 10% short-term bank notes The company's income tax rate is 25%. Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do not round intermediate calculations) Numerator Denominator Earnings per Share 1 1 Basic Diluted