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 Common Stock, $1 par Additional Paid-in Capital Retained Earnings Total Shareholders' Equity Balance at January 1, 2016 $ 55 $ 495 $ 1,878 $ 2,428 Sale of preferred shares 10 470 480 Sale of common shares, 7/1 9 81 90 Cash dividend, preferred (1 ) (1 ) Cash dividend, common (16 ) (16 ) Net income 290 290 Balance at December 31, 2016 10 64 1,046 2,151 3,271 Retirement of common shares, 4/1 (4 ) (36 ) (20 ) (60 ) Cash dividend, preferred (1 ) (1 ) Cash dividend, common (20 ) (20 ) 3-for-2 split effected in the form of a common stock dividend, 8/12 30 (30 ) Net income 380 380 Balance at December 31, 2017 10 90 980 2,490 3,570 10% common stock dividend, 5/1 9 90 (99 ) Sale of common shares, 9/1 3 31 34 Cash dividend, preferred (2 ) (2 ) Cash dividend, common (22 ) (22 ) Net income 412 412 Balance at December 31, 2018 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, 2016, 2017, and 2018. 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).)