On December 31, 2023, Berclalr Incorporated had 250 million shares of common stock and 10 million shares of 9%, $100 par value cumulatlve preferred stock issued and outstanding. - On March 1, 2024, Berclair purchased 90 million shares of its common stock as treasury stock. - Berclair issued a 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 $500 million. - Also outstanding at December 31 were 45 million Incentlve stock optlons granted to key executives on September 13,2019. - The options were exercisable as of September 13,2023 , for 45 million common shares at an exercise price of $50 per share. - During 2024 , the market price of the common shares averaged $75 per share. - The options were exercised on September 1, 2024. Required: Compute Berclalr's basic and dlluted earnIngs per share for the year ended December 31, 2024. (Shares for stock options and conversion of convertlble securltles have been adjusted for any stock split or stock dividend.) Note: Do not round Intermedlate calculations. Enter your answers In mlllions (l.e., 10,000,000 should be entered as 10)