19-10 (Algo) EPS from statement of shareholders' equity; financial statement effects [LO19-4, 19-5, 19-6) Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024. LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended December 31, 2022, 2023, and 2024 ($ in millions) Preferred Stock, Common Stock, $1 Additional Paid-in Balance at January 1, 2022 Sale of preferred shares Sale of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2022 Retirement of common shares, 4/1 Cash dividend, preferred 3-for-2 split effected in the form of a common Cash dividend, common stock dividend, 8/12 Net income Balance at December 31, 2023 10% common stock dividend, 5/1 Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2024 Required: $10 par $ 0 7 par $ 90 6 Capital $ 540 500 83 Retained Earnings $ 1,896 Total Shareholders' Equity $ 2,526 507 (2) 89 (2) (11) (11) 330 330 7 96 (6) 1,123 (38) 2,213 3,439 (23) (67) (2) (2) (15) (15) 45.0 (45.0) 7 135.0 13.50 3 1,040.0 130 40 430 2,603 (143.50) 430 3,785 43 (2) (31) (2) (31) 430 430 $ 7 $ 151.50 $ 1,210.0 $ 2,856.50 $ 4,225 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, 2022, 2023, and 2024. No potential common shares were outstanding during any of the periods shown. Note: Do not round Intermediate calculations. Enter your answers in millions rounded to 2 decimal places (l.e., 5,550,000 should be entered as 5.55). Year Numerator Denominator = Earnings per share 2022 = 2023 = 2024 =