The following additional information is available: • On September 1, 2021, Canaday sold 72 milion additional shares of common stock. - Incentive stock options to purchase 40 million shares of common stock after July 1, 2020, at $14 per share, were outstanding at the beginning and end of 2021. The average market price of Canadav's common stack was $20 per share during 2021. • Canaday's net income for the year ended December 31, 2021, was $1,500 millioSThe effective income tax rate was 25%.