Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018 LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2016, 2017, and 2018 (S in millions) Additional Paid-in Capital $ 495 Total Preferred Stock, $10 par Common Stock, $1 par $ 55 Retained Earnings $1,878 Shareholders Equity $2,428 480 90 Balance at January 1, 2016 Sale of preferred shares Sale of common shares, 7/1 Cash dividend, preferred Cash dividend, co Net income 10 470 (16) 290 mmon 290 (60) (20) Balance at December 31, 2016 10 2,151 3,271 64 1,046 Retirement of common shares, 4/1 Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a (36) (20) (20) common stock dividend, 8/1:2 Net income 30 (30 380 3,570 380 2,490 Balance at December 31, 2017 10 90 dividend, 5/1 10% common stock Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income 90 31 34 (22) 412 (22) 412 10 102 $1,101 $2,779 Ba $3,992 lance at December 31, 2018 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, 2016, 2017, and 2018. No potential common shares were outstanding during any of the periods shown. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Numerator Denominator Earnings per share Year 2016 2017 2018