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 geded December 31, 2022, 2023, and 2024 Balance at January 1, 2022 Sole of preferred shares Sale of common shares, 7/3 Cash dividend, preferred Cash dividend, common Net incone Balance at December 31, 2022 1001 Preferred Stock, Common Stock $1 Additional Paid-in $10 p 50 $95 Capital $545 Retained Earnings 53,896 Total Shareholders Equity $ 2,530 518 91 (3) (3) (32) (12) 340 340 102 3,339 2,225 3,472 Retirement of common shares, 4/1 (39) (24) (69) Cash dividend, preferred ((3) (3) Cash dividend, common (46) (16) 3-for-2 split effected in the form of a common stock dividend, 8/12 48.0 (48.0) Net income Balance at December 31, 2023 $44.0 052.0 10% common stock dividend, 5/1 140 2,620 (354.40) Sele of coneion shares, 3/3 30 Cash dividend, preferred Cash dividend, common Net Incone 1.222.0 440 440 3,024 33 09 (3) (32) (32) 432 432 52.862.60 54,254 Balance at December 31, 2024 Required: Infer from the statements the events and transactions that affected Locke Intertechnology Corporation's shareholders equity and compute earnings per share as it would have appeared on the income statements for the years ended December 31, 2022 2023, and 2024 No potential common shares were outstanding during any of the periods shown Note: Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places (ie. 5.550.000 should be entered as 5.55). Problem 19-10 (Algo) EPS from statement of shareholders' equity; financial statement effects [LO19-4, 19-5, 19-6] Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024. LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended December 31, 2022, 2023, and 2024 ($ in millions) Preferred Stock, Common Stock, $1 Additional Paid-in 1 $10 par par $95 7 Capital $545 510 84 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, 4/11 Cash dividend, preferred Cash dividend, common. 3-for-2 split effected in the form of a common stock dividend, 8/12 Net income Balance at December 31, 2023 10% common stock dividend, 5/19 Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2024 Required: Total Shareholders Retained Earnings $1,898 Equity $2,538 518 91 (3) (9) (12) (12) 340 340 102 (6) 1,139 (39) 2,223 3,472 (24) (69) (3) (3) (16) (16) 48.0 (45.0) 440 443 144.0 14:40 1,052.0 140 30 2,620 (15440) 3,824 03) 33 (3) (32) (32) 432 432 38 $161.40 $1,222.0 $2,062.60 $4,254 Infer from the statements the events and transactions thet effected 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, 2021 and 2024. No potential common sheres were outstanding during any of the periods shown Note: Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places (ie., 5,550,000 should be entered as 5.55). Year Numerator- Denormator Earnings per share 1 Year Numerator 2022 2023 2024 + + Denominator = = Earnings per share