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 ($ in millions) Preferred Stock, $10 par Total Additional Common Stock, $1 par $ 45 Shareholders Retainecd Earnin8s $ 1,902 Paid-in Capital $555 530 86 Equity $ 2,502 540 95 Balance at January 1, 2016 10 Sale of preferred shares Sale of common shares, 71 Cash dividend, preferred Cash dividend, common Net income (14) (14) 360 360 3, 482 2, 247 54 1,171 10 Balance at December 31, 2816 (41) (26) (75) Retirement of common shares, 4/1 Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a (18) 18 (23.0) 23.0 common stock dividend, 8/12 Net income 460 69.01, 107.02,662 460 3,848 35 (34) 10 Balance at December 31, 2817 (96.90) 6.90 90 32 10% common stock dividend, 5/1 Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income (34) 436 436 $78.90 $1,229.0 $2,962.10 $ 4, 280 10 Balance 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 2018. No potential common shares were outstanding during any of the periods shown. (Enter your answers in millions rounded to 2 2017, and decimal places (i.e.,5,500,000 should be entered as 5.50).) Earnings per share Year 2016 2017 2018 Denominator Numerator