Question: Hello! please answer all parts to the question clearly please its sometimes hard to understand the experts please thank you! provide the answer TO EACH
Hello! please answer all parts to the question clearly please its sometimes hard to understand the experts please thank you!
provide the answer TO EACH QUESTION CLEARLY please!!!
PLEASE CLEARLY LABLE THE ANSWER

On December 31, 2020, Berclair inc. had 600 million shares of common stock and 3 million shares of 9%,$100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1,2021 . Four million treasury shares were sold on October 1 . Net income for the year ended December 31,2021 , was $1,050 million. The income tax rate is 25%. Also outstanding at December 31 were incentive stock options granted to key executives on September 13, 2016. The options are exercisable as of September 13,2020 , for 30 million common shares at an exercise price of $56 per share. During 2021, the market price of the common shares averaged $70 per share. In 2017, $50.0 million of 8% bonds, convertible into 6 million common shares, were issued at face value. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10 ). Do not round intermediate calculations.) Stanley Department Stores reported net income of $765,000 for the year ended December 31, 2021. Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers not round intermediate calculations)
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