Witter House is a calendar$-$year firm with $410$ million common shares outstanding throughout $2024$ and $2025.$ As part of its executive compensation plan, at January $1,2023,$ the company had issued $50$ million executive stock options permitting executives to buy $50$ million shares of stock for $$15$ within the next elght years, but not prior to January $1,2026.$

The falr value of the optlons 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 $25$ million restricted common shares to senlor executives at January $1,2024.$

The shares vest three years later.

The fair value of the stock was $$20$ per share on the grant date.

The average price of the common shares was $$20$ and $$25$ during $2024$ and $2025,$ respectively.

The stock options qualify as an Incentive plan.

The restricted stock does not.

The company's net Income was $$260$ million and $$270$ million in $2024$ and $2025,$ respectively.

Required:

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

$2$ Compute basic and diluted earnings per share for Witter House in $2025.$

Note: Do not round intermedlate calculations. Except for per share amounts, enter your answers in millions $(1.$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.

Answer is complete but not entirely correct.

$\backslash$table$[[,,,$Numerator,$15,$Denominator,$=,,],[1.,$Basic,$$,2600,,4100,=,5,0\mathrm{.}630],[$Diluted$,$$$,2800,,410\mathrm{.}00x,=,$$$,0\mathrm{.}580],[2.,$Basic,$$,2700,7,410\%,=,$$$,0\mathrm{.}660],[$Diluted$,$$$,2700,-,410\mathrm{.}008,=,$$$,0\mathrm{.}660]]$

Witter House is a calendar$-$year firm with $410$ million common shares outstanding throughout $2024$ and $2025.$ As part of its executive compensation plan, at January $1,2023,$ the company had issued $50$ million executive stock options permitting executlves to buy $50$ million shares of stock for $$15$ within the next eight years, but not prior to January $1,2026.$

The falr 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 $25$ million restricted common shares to senior executives at January $1,2024.$

The shares vest three years later.

The falr value of the stock was $$20$ per share on the grant date.

The average price of the common shares was $$20$ and $$25$ during $2024$ and $2025,$ respectively.

The stock optlons qualify as an Incentlve plan.

The restricted stock does not.

The company's net income was $$260$ million and $$270$ million in $2024$ and $2025,$ respectlvely.

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 $(1.$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.

Answer is complete but not entirely correct.

$\backslash$table$[[,,,,4,$Denominator,$=,,$per$],[1.,$Basic,$$,2600,4,4100,=,$$$,0\mathrm{.}630],[$Diluted$,$$$,2600,4,410\mathrm{.}00x,=,$$$,0\mathrm{.}58O$