Comparative Statements of Shareholders Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2019, 2020, and 2021 ($ in millions) Preferred Stock, $10 par Common Stock, $1 par Additional Paid-in Capital Retained Earnings Total Shareholders' Equity Balance at January 1, 2019 $ 45 $ 555 $ 1,902 $ 2,502 Sale of preferred shares 10 530 540 Sale of common shares, 7/1 9 86 95 Cash dividend, preferred (1 ) (1 ) Cash dividend, common (14 ) (14 ) Net income 360 360 Balance at December 31, 2019 10 54 1,171 2,247 3,482 Retirement of common shares, 4/1 (8 ) (41 ) (26 ) (75 ) Cash dividend, preferred (1 ) (1 ) Cash dividend, common (18 ) (18 ) 3-for-2 split effected in the form of a common stock dividend, 8/12 23.0 (23.0 ) Net income 460 460 Balance at December 31, 2020 10 69.0 1,107.0 2,662 3,848 10% common stock dividend, 5/1 6.90 90 (96.90 ) Sale of common shares, 9/1 3 32 35 Cash dividend, preferred (5 ) (5 ) Cash dividend, common (34 ) (34 ) Net income 436 436 Balance at December 31, 2021 $ 10 $ 78.90 $ 1,229.0 $ 2,962.10 $ 4,280

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, 2019, 2020, and 2021. 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).)