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S At January 1, 2021, Canaday Corporation had outstanding the following securities: 6.68 points 760 million common shares 20 million 6% cumulative preferred shares, $50
S At January 1, 2021, Canaday Corporation had outstanding the following securities: 6.68 points 760 million common shares 20 million 6% cumulative preferred shares, $50 par 6.4% convertible bonds, $3,000 million face amount, convertible into 90 million common shares The following additional information is available: eBook Print On September 1, 2021, Canaday sold 81 million additional shares of common stock. Incentive stock options to purchase 50 million shares of common stock after July 1, 2020, at $10 per share, were outstanding at the beginning and end of 2021. The average market price of Canaday's common stock was $20 per share during 2021. Canaday's net income for the year ended December 31, 2021, was $2,194 million. The effective income tax rate was 25%. References Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator Denominator Earnings per share Basic Diluted 7
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