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 Preferred Stock, $10 pa Total Common stock, $1 par 80 Paid-in Capital 590 600 93 Retained Earnings $ 1,916 Shareholders Equity $2,586 610 102 Balance at January 1, 2016 sale of preferred shares Sale of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income (14) 430 430 3,710 (85) Balance at December 31, 2016 10 89 1,283 2,328 Retirement of common shares, 4/1 Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a (48) (33) (18) (18) common stock dividend, 8/12 Net income (42.5) 530 2,803 (112.75) 530 Balance at December 31, 2017 127.5 12.75 3 1,192.5 100 39 4,133 10% common stock dividend, 5/ 1 Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income 42 (41) 450 (41) 450 Balance at December 31, 2018 10 $143.25 $1,331.5 $3,097.25 $ 4, 582 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 2016 2017 2018 Numerator DenominatorEarnings per share