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 Additional Paid-in Capital $510 Total Common oc $1 par Retained Earnings $ 1,884 Shareholders" Equity $ 2,454 448 84 Balance at January 1, 2016 60 Sale of preferred shares Sale of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income 440 (14) 270 (14) 270 3,238 Balance at December 31, 2016 67 1,027 2,136 Retirement of common shares, 4/1 Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a (17) common stock dividend, 8/12 Net income (31.5) 31.5 370 2,467 (109.45) 370 3,533 Balance at December 31, 2017 8 94.5 9.45 963.5 100 34 10% common stock dividend, 5/1 Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income 40 (25) 418 418 $109.95 $1,097.5 $2,748.55 3,964 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, 2017, and 2018. No potential common shares were outstanding during any of the periods shown. (Enter your answers in millions rounded to decimal places (i.e., 5,500,000 should be entered as 5.50).) Year NumeratorDenominatorEarnings per share 2016 2017 2018