On December 31, 2023, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding.
∙ On March 1, 2024, Berclair purchased 24 million shares of its common stock as treasury stock.
∙ Berclair issued a 5% common stock dividend on July 1, 2024.
∙ Four million treasury shares were sold on October 1.
∙ Net income for the year ended December 31, 2024, was $150 million.

Required:
Compute Berclair’s earnings per share for the year ended December 31, 2024.