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Shares are weighted by outstanding period.

Problem 19-10 EPS from stotement of shareholders' equity [Lo19-4, 19-5, 19-6 Comparative Statements of Sharehokders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December S1 2016, 2017, and 2018. LOCKE INTERTECHNOLOGY CORPORATION Statements of Shareholders" Equity For the Years Ended Dec 31, 2016, 2017, and 2818 (S in millions) PreferredCommon Additional Total Stock, Stock, RetainedShareholders Paid-in Capital $515 450 78 Equity 3 2,466 459 86 Balance at January 1, 2016 $65 S 1,886 Sale of preferred shares Sale of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income (15) 286 2,158 (18) (15) 280 3,275 57 Balance at December 31, 2016 73 1,843 Retirement of common shares, 4/1 Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a (19) (33.5) common stock dividend, 8/12 Net income 33.5 380 2,492 (120.05) 380 3,578 Balance at December 31, 2817 9 976.5 109.5 10.05 110 35 10% comon stock dividend, 5/1 Sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income 38 (26) (26) 420 420 $ 4,007 Balance at December 31, 2018 $113.55 $1,121.5 $2,762.95 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 milons rounded to 2 declmal places (.c., 5,500,000 should be entered os 5.50)) Eamings per Year 2016 2017 69001 = 1 $ 102.75 S 4.04 3.09 5 379l

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