On December 31 , Year 1 , a company had 480 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. - On March 1, Year 2, the company purchased 54 million shares of its common stock as treasury stock. - The company issued a 5% common stock dividend on July 1 , Year 2. - Nine million treasury shares were sold on October 1. - Net income for the year ended December 31, Year 2, was $850 million. Required: Calculate the company's earnings per share for the year ended December 31, Year 2. Note: Do not round intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10 )