On. December 31, 2023, Berclair incorporated had 360 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. - On March 1, 2024. Berclair purchased 24 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 $450 million. - The income tax rate is 25%. - Also outstanding at December 31 were incentive stock options granted to key executives on September 13,2019. - The options are exercisable as of September 13,2023 , for 30 million common shares at an exercise price of $56 per share. - During 2024, the market price of the common shares averaged $70 per share. - in 2020,$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 31,2024 . (Shares for stock options and conversion of convertible securities have been adjusted for any stock split or stock dividend.) Note: Do not round intermediote calculations. Enter your answers in millions (i.e., 10,000,000 should be entered a s 10