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Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024. Balance
Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024. Balance at January 1, 2022 Sale of preferred shares Sale of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2022 Retirement of common shares, 4/1 Cash dividend, preferred LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended December 31, 2022, 2023, and 2024 ($ in millions) Preferred Stock, Common Stock, $1 Additional Paid-in $10 par $ 0 6 par $ 85 5 Capital $ 535 490 82 Cash dividend, common 3-for-2 split effected in the form of a common stock dividend, 8/12 Net income Balance at December 31, 2023 10% common stock dividend, 5/1 Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2024 Required: Retained Earnings $ 1,894 Total Shareholders' Equity $ 2,514 496 87 (1) (1) (19) (19) 320 320 6 90 (4) 1,107 (37) 2,194 3,397 (22) (63) (1) (1) (23) (23) 43.0 (43.0) 420 6 129.0 12.90 3 1,027.0 130 39 2,568 (142.90) 420 3,730 42 (4) (4) (30) (30) 428 428 $ 6 $ 144.90 $ 1,196.0 $ 2,819.10 $ 4,166 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, 2022, 2023, and 2024. No potential common shares were outstanding during any of the periods shown. Note: Do not round Intermediate calculations. Enter your answers In millions rounded to 2 decimal places (l.e., 5,550,000 should be entered as 5.55). Year Numerator Denominator = Earnings per share 2022 2023 = = 2024 =
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