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plzz help Retained Earnings $ 1,908 Statenents of Shareholders' Equity For the Years Ended Dec. 31, 2019, 2020, and 2021 is in millions) Preferred Common
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Retained Earnings $ 1,908 Statenents of Shareholders' Equity For the Years Ended Dec. 31, 2019, 2020, and 2021 is in millions) Preferred Common Additional Stock, Stock. Paid-in 510 par $1 par Capitat Balance at January 1, 2019 $ 60 $ 570 Sale of preferred shares 6 560 Sale of common shares, 7/1 5 89 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2019 65 1,219 Retirement of common shares, 4/1 (4) (44) Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a common stock dividend, 8/12 30.5 (30.5) Net income Balance at December 31, 2020 91.5 1,144.5 109 common stock dividend, 5/1 9.15 90 Sale of common shares, 9/1 3 35 Cash dividend, preferred Cash dividend, common Net Income $ 6 $103.65 Balance at December 31, 2021 $1,269.5 (4) (17) 390 2,277 (29) (4) (21) Total Shareholders Equity $2,538 566 94 (4) (17) 390 3,567 (77) (4) (21) 490 3,955 498 2,713 (99.15) (4) (37) 442 $3,014.85 38 141 (37) 442 $4,394 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 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) Year Numerator Denominator Earnings per share $ 6.18 62.50 10 2019 2020 2021 386/ 486 438 ## 0 Step by Step Solution
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