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At January 1, 2021, Canaday Corporation had outstanding the following securities:
780 million common shares
40 million 8% cumulative preferred shares, $50 par
6.4% convertible bonds, $2,500 million face amount, convertible into 70 million common shares
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Question 1: 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).)
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