Witter House is a calendar$-$year firm with $500$ million common shares outstanding throughout $2024$ and $2025.$ As part of its executlve compensation plan, at January $1,2023,$ the company had issued $60$ million executive stock options permitting executives to buy $60$ million shares of stock for $$10$ 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 $20$ million restricted common shares to senlor executives at January $1,2024.$

The shares vest three years later.

The falr value of the stock was $$12$ per share on the grant date.

The average price of the common shares was $$12$ and $$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 $$350$ million and $$360$ 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 $($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.

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