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 quality 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.. 10,000,000 should be entered as 10). Round "Earnings per share" answers to 2 decimal places.)