Comparative Statements of Shareholders Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2014, 2015, and 2016. LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2014, 2015, and 2016 ($ in millions) Preferred Stock, $10 par Common Stock, $1 par Additional Paid-in Capital Retained Earnings Total Shareholders' Equity Balance at January 1, 2014 $ 65 $ 515 $ 1,886 $ 2,466 Sale of preferred shares 9 450 459 Sale of common shares, 7/1 8 78 86 Cash dividend, preferred (1 ) (1 ) Cash dividend, common (15 ) (15 ) Net income 280 280 Balance at December 31, 2014 9 73 1,043 2,150 3,275 Retirement of common shares, 4/1 (6 ) (33 ) (18 ) (57 ) Cash dividend, preferred (1 ) (1 ) Cash dividend, common (19 ) (19 ) 3-for-2 split effected in the form of a common stock dividend, 8/12 33.5 (33.5 ) Net income 380 380 Balance at December 31, 2015 9 100.5 976 2,492 3,578 10% common stock dividend, 5/1 10.05 110 (120.05 ) Sale of common shares, 9/1 3 35 38 Cash dividend, preferred (3 ) (3 ) Cash dividend, common (26 ) (26 ) Net income 420 420 Balance at December 31, 2016 9 $ 113.55 $ 1,121.5 $ 2,762.95 $ 4,007 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, 2014, 2015, and 2016. 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).)