Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 2018. Retained Earnings $ 1,896 83 LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2016, 2017, and 2018 ($ in millions) Preferred Common Additional Stock, Stock, Paid-in $10 par $1 par Capital Balance at January 1, 2016 $ 90 $ 540 Sale of preferred shares 7 500 Sale of common shares, 7/1 6 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2016 96 1,123 Retirement of common shares, 4/1 (6) (38) Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a common stock dividend, 8/12 45.0 (45.0) Net income Balance at December 31, 2017 135.0 1,040.0 10% common stock dividend, 5/1 13.50 130 Sale of common shares, 9/1 3 40 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2018 $151.50 $1,210.0 Total Shareholder Equity $ 2,526 507 89 (2) (11) 330 3,439 (67) (2) (15) (2) (11) 330 2,213 (23) (2) (15) 96 430 430 3,785 2,603 (143.50) - 131.50 1,20.. (2) (31) 430 $2,856.50 43 (2) (31) 430 $ 4,225 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 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) Year Denominator Earnings per share 2016 Numerator / $ 328 / $ 428 $ 428/11 2017 2018