Statements of Shareholders' Equity
For the Years Ended December 31, 2022, 2023, and 2024
($ in millions)
	Preferred Stock, $10 par	Common Stock, $1 par	Additional Paid-in Capital	Retained Earnings	Total Shareholders' Equity
Balance at January 1, 2022	$ 0	$ 75	$ 585	$ 1,914	$ 2,574
Sale of preferred shares	9		590		599
Sale of common shares, 7/1		8	92		100
Cash dividend, preferred				(3)	(3)
Cash dividend, common				(13)	(13)
Net income				420	420
Balance at December 31, 2022	9	83	1,267	2,318	3,677
Retirement of common shares, 4/1		(8)	(47)	(32)	(87)
Cash dividend, preferred				(3)	(3)
Cash dividend, common				(17)	(17)
3-for-2 split effected in the form of a common stock dividend, 8/12		37.5	(37.5)
Net income				520	520
Balance at December 31, 2023	9	112.5	1,182.5	2,786	4,090
10% common stock dividend, 5/1		11.25	90	(101.25)
Sale of common shares, 9/1		3	38		41
Cash dividend, preferred				(4)	(4)
Cash dividend, common				(40)	(40)
Net income				448	448
Balance at December 31, 2024	$ 9	$ 126.75	$ 1,310.5	$ 3,088.75	$ 4,535

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, 2022, 2023, and 2024. No potential common shares were outstanding during any of the periods shown.

Note: Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places (i.e., 5,550,000 should be entered as 5.55).