Witter House is a calendar$-$year firm with $430$ million common shares outstanding throughout $2021$ and $2022.$ As part of its executive compensation plan, at January $1,2020,$ the company had issued $60$ million executive stock options permitting executives to buy $60$ million shares of stock for $$12$ within the next eight years, but not prior to January $1,2023.$ The fair value of the options was estimated on the grant date to be $$2$ per option.

In $2021,$ 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 $1,2021.$ The shares vest four years later. The fair value of the stock was $$16$ per share on the grant date. The average price of the common shares was $$16$ and $$20$ during $2021$ and $2022,$ respectively.

The stock options qualify as an incentive plan. The restricted stock does not. The company's net income was $$280$ million and $$290$ million in $2021$ and $2022,$ respectively.

Required:

$1.$ Compute basic and diluted earnings per share for Witter House in $2021.$

$2.$ Compute basic and diluted earnings per share for Witter House in $2022.$

$($For all requirements, do not round intermediate calculations. Enter your answers in millions rounded to $2$ decimal places $($i$.$e$.,10,000,000$ should be entered as $10).$ Round "Earnings per share" answers to $2$ decimal places.$)$