Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. Balance at January 1, 2019 Sale of preferred shares Sale of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2019 Retirement of common shares, 4/1 Cash dividend, preferred Cash dividend, common LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2019, 2020, and 2021 ($ in millions) Preferred 3-for-2 split effected in the form of a common stock dividend, 8/12 Net income Balance at December 31, 2020 10% common stock dividend, 5/1 Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2021 Common Additional Stock, Stock, $10 par $1 par Paid-in Capital Retained Total Shareholders' $ 55 $ 495 Earnings $1,878 10 470 81 Equity $2,428 480 90 (1) (1) (16) (16) 290 290 10 64 (4) 1,046 (36) 2,151 (20) 3,271 (60) (1) (20) (1) (20) 30 (30) 10 90 980 9 90 380 2,490 (99) 380 3,570 3 31 34 (2) (22) 412 (2) (22) 412 $10 $ 102 $1,101 $2,779 $3,992 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 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Answer is complete but not entirely correct. Year Numerator Denominator Earnings per share 2019 $ 288.0 / 74.5 $ 3.87 2020 $ 388.0 125.3 $ 3.10 2021 $ 418.0 1 121.5 = $ 3.44