On December 31, 2023, Berclair incorporated had 360 milion shares of common stock and 3 million shares of 9%, $100 par value cumulotive preferred stock issued and outstanding. - On March 1, 2024. Berclair purchased 88 million shares of its common stock as treasury stock. - Berclair issued a 5% 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 $550 million. - Also outstanding at December 31 were 30 million incentive stock options granted to key executives on 5 eptember 13,2019. - The options were exercisable as of September 13, 2023, for 30 milion common shares at an exercise price of $56 per share. - During 2024, the market price of the common shares averaged $70 per share. Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2024. (Shares for stock options and Required: conversion of convertible securities have been adjusted for any stock split or stock dividend.) Vote: Do not round intermedlate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10 )