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Problem 19-18 (Algo) EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19-5, 19-6,...

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Problem 19-18 (Algo) EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19-5, 19-6, 19-7, 19-8, 19-9] At January 1, 2021, Canaday Corporation had outstanding the following securities: 790 million common shares 20 million 4% cumulative preferred shares, $50 par 6.4% convertible bonds, $3,000 million face amount, convertible into 80 million common shares The following additional information is available: . On September 1, 2021, Canaday sold 78 million additional shares of common stock. Incentive stock options to purchase 50 million shares of common stock after July 1, 2020, at $10 per share, were outstanding at the beginning and end of 2021. The average market price of Canaday's common stock was $25 per share during 2021. Canaday's net income for the year ended December 31, 2021, was $2,306 million. The effective income tax rate was 25%. Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator 1 Denominator Earnings per share Basic / Diluted

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