Question: On December 3 1 , 2 0 2 3 , Berclair Incorporated had 2 2 0 million shares of common stock and 4 million shares

On December 31,2023, Berclair Incorporated had 220 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding.
On March 1,2024, Berclair purchased 30 million shares of its common stock as treasury stock.
Berclair issued a 5% common stock dividend on July 1,2024.
Five million treasury shares were sold on October 1.
Net income for the year ended December 31,2024, was $200 million.
Required:
Compute Berclair's earnings per share for the year ended December 31,2024.
Note: Do not round intermediate calculations. Enter your answers in millions (i.e.,10,000,000 should be entered as 10).

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