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Problem 19-10 EPS from statement of shareholders' equity L019-4, 19-5, 19-6] Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for
Problem 19-10 EPS from statement of shareholders' equity L019-4, 19-5, 19-6] Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2014, 2015, and 2016. For the Years Ended Dec. 31, 2014, 2015, and 2016 $ in millions) PreferredCommon Additional Total Stock, Stock, $10 par $1 par $ 65 Pald-in Retained Shareholders Capital Eamings Equity 515$1,886 $2,466 459 86 Balance at January 1,2014 Sale of preferred shares Sale of common shares, 7/ Cash dividend, preferred Cash dividend, common Net income 450 78 (15) (15) 280 (18) (19) Balance at December 31, 2014 9 1,043 (33) 73 3,275 Retirement of common shares, Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the (19) form of a common stock dividend, 8/12 33.5 (33.5) Net income Balance at December 31, 2015 2492 3578 976 110(120.05) 35 100.5 10.05 10% common stock dividend. Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income (26) 420 420 Balance at December 31, 2016 9 $113.55 $1,121.5$2,762.95 $4,007 Required Infer from the statements the events and transactions that afflected Locke Intertechnology Corporation's shareholders equity and compute earnings per share as t would have appeared on the income statements or the years ended December 31, 2014, 2015, and 2016. No potential common shares were outstanding during any of the periods shown. (Enter your answers in millions rounded to 2 decimal places (ie 5,500,000 should be entered as 5.50) Numerator Denominator Earnings per share
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