Comparative Statements of Shareholders Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2016, 2017, and 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 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)

LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended Dec. 31, 2016, 2017, and 2018 (s in millions) Total Preferred Stock, $10 par Additional Common Stock, $1 par 85 Paid-in Capital $ 595 610 94 Shareholders Retained Earnings $ 1,918 Equity 2,598 621 184 Balance at January 1, 2016 Sale of preferred shares Sale of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income 10 440 440 Balance at December 31, 2016 95 1,299 2, 338 3,743 (34) Retirement of common shares, 4/1 Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a (49) (19) common stock dividend, 8/12 Net income 45.5 (45.5) 540 4,172 540 Balance at December 31, 2017 136.5 13.65 1, 204.5 2,820 (123.65) 118 40 10% common stock dividend, 5/1 Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income 43 (42) 452 452 Balance at December 31, 2018 $153.15 $1, 354.5 $3,103.35 $ 4,622 Year 2016 2017 2018 Numerator Denominator = Earnings per share