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On December 31, 2023, Berclair Incorporated had 225 million shares of common stock and 4 million shares of 9%,$100 par vaiue cumulative preferred stock issued
On December 31, 2023, Berclair Incorporated had 225 million shares of common stock and 4 million shares of 9%,$100 par vaiue cumulative preferred stock issued and outstanding - On March 1, 2024, Berclair purchased 30 million shares of its common stock as treasury stock. - Berclair issued o 4% common stock dividend on July 1,2024 - Four million treasury shares were sold on October 1. - Net income for the year ended December 31.2024, was $200 milition - Also outstanding ot December 31 were 30 milion incentive stock options granted to key executives on September 13,2019 - The options were exercisable os of September 13, 2023, for 30 milition common shares at an exercise price of $35 per share - During 2024, the morket price of the common shores overaged $70 per share - The options were exercised on September 1,2024 Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31.2024. (Shares for stock options and conversion of convertible securties have been adjusted for ony stock split or stock dividend) Note: Do not round intermediate calculations. Enter your answers in millions (i.e, 10,000,000 should be entered as 10)
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