Witter House is a calendar$-$year firm with $310$ million common shares outstanding throughout $2024$ and $2025.$ As part of its executive

compensation plan, at January $1,2023,$ the company had issued $35$ million executive stock options permitting executives to buy $35$

million shares of stock for $$12$ within the next eight years, but not prior to January $1,2026.$

The fair value of the options was estimated on the grant date to be $$3$ per option.

In $2024,$ Witter House began granting employees stock awards rather than stock options as part of its equity compensation

plans and granted $20$ million restricted common shares to senior executives at January $1,2024.$

The shares vest three years later.

The fair value of the stock was $$14$ per share on the grant date.

The average price of the common shares was $$14$ and $$20$ during $2024$ and $2025,$ respectively.

The stock options qualify as an incentive plan.

The restricted stock does not.

The company's net income was $$160$ million and $$170$ million in $2024$ and $2025,$ respectively.

Required:

Compute basic and diluted earnings per share for Witter House in $2024.$

Compute basic and diluted earnings per share for Witter House in $2025.$

Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in millions $($i$.$e$.,10,000,000$

should be entered as $10).$ Round "Earnings per share" answer to $2$ decimal places. Round "Denominator" answers to $2$

decimal places.