Question: 9 (with convertible bonds from chapter 14) - H... 6 Saved Help Exercise 19-16 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold
9 (with convertible bonds from chapter 14) - H... 6 Saved Help Exercise 19-16 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold [LO19-5, 19-6, 19-7] On December 31, 2020, Berclair Inc had 600 million shares of common stock and 9 milion shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 36 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Six million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $1,150 million. Required: Compute Berclair's earnings per share for the year ended December 31, 2021. (Enter your answers in millions (.e., 10,000,000 should be entered as 10).) Numerator Denominator Earnings per Share
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