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12.5 points Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020,
12.5 points Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021 LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2019, 2020, and 2821 ($ in millions) Preferred Pire References Balance at January 1, 2019 Sale of preferred shares Sale of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2019 Retirement of common shares, 4/1 Cash dividend, preferred Cash dividend, common Connon Stock, $10 par Stock. $1 par $ 75 Additional Paid-in Capital Retained Total Shareholders Earnings Equity 585 $ 1,914 $2,5747 590 599 92 100 (3) (3) (13) (13) 420 420 03 1,267 2,318 3,677 (8) (47) (32) (87) (3) 13) (17) (17) 3-for-2 split effected in the form of a common stock dividend, 8/12 37.5 (37.5) Net income 520 Balance at December 31, 2020 10% common stock dividend, 5/1 Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, connon Net income 112.5 1,182.5 2,786 520 4,000 11.25 3 90 38 (101.25) 41 (4) (4) (40) (40) 448 440 Balance at December 31, 2021 $126.75 $1,310.5 $3,088.75 $4,535 Required: Infer from the statements the events and transactions that affected Locke Intertechnology Corporation's shareholders' equity and compute earnings per share as it would have appeared on the income statements for the years ended December 31, 2019, 2020, and 2021. No potential common shares were outstanding during any of the periods shown. (Enter your answers in millions rounded to 2 decimal places (ie., 5,500,000 should be entered as 5.50).) Year Numerator Denominator Earnings per share
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