Problem 19-11 EPS from statement of shareholders' equity [LO19-4, 19-5, 19-6]

Comparative Statements of Shareholders Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2011, 2012, and 2013.

LOCKE INTERTECHNOLOGY CORPORATION
Statements of Shareholders' Equity
For the Years Ended Dec. 31, 2011, 2012, and 2013
($ in millions)
	Preferred		Common							Total
	Stock,		Stock,		Additional			Retained		Shareholders'
	$10 par		$1 par		Paid-in Capital			Earnings		Equity
Balance at January 1, 2011			70			580		1,912		2,562
Sale of preferred shares	8					580				588
Sale of common shares, 7/1			7			91				98
Cash dividend, preferred								(2	)	(2	)
Cash dividend, common								(12	)	(12	)
Net income								410		410
Balance at December 31, 2011	8		77			1,251		2,308		3,644
Retirement of common shares, 4/1			(6	)		(46	)	(31	)	(83	)
Cash dividend, preferred								(2	)	(2	)
Cash dividend, common								(16	)	(16	)
3-for-2 split effected in the form of a common stock dividend, 8/12			35.5			(35.5	)
Net income								510		510
Balance at December 31, 2012	8		106.5			1,170		2,769		4,053
10% common stock dividend, 5/1			10.65			90		(100.65	)
Sale of common shares, 9/1			3			37				40
Cash dividend, preferred								(3	)	(3	)
Cash dividend, common								(39	)	(39	)
Net income								446		446
Balance at December 31, 2013	8		120.15			1,296.5		3,072.35		4,497

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, 2011, 2012, and 2013. No potential common shares were outstanding during any of the periods shown. (Do not round intermediate calculations and round your final answers to 2 decimal places.)

Earnings per share for the year ended

December 31, 2011 = $ ?

December 31, 2012 = $ ?

December 31, 2013 = $ ?