P19-1 Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2009, 2010, and 2011.

P19-11 EPS from statement of shareholders' equity EXCEL TEMPLATE

 

P19-1 Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2009, 2010, and 2011.

Given Data P19-11:

LOCK INTERTECHNOLOGY CORPORATION Statements of Shareholders' Equity For the Years Ended December 31, 2009, 2010, and 2011 ($ in millions)
	Preferred Stock, $10 par	Common Stock, $1 par	Additional Paid-in Capital	Retained Earnings	Total Share- holders' Equity
Balance at Jan. 1, 2009		55	495	1,878	2,428
Sale of preferred shares	10		470		480
Sale of common shares, 7/1		9	81		90
Cash dividend, preferred				(1)	(1)
Cash dividend, common				(16)	(16)
Net income				290	290
Balance at Dec. 31, 2009	10	64	1,046	2,151	3,271
Retirement of common shares, 4/1		(4)	(36)	(20)	(60)
Cash dividend, preferred				(1)	(1)
Cash dividend, common				(20)	(20)
3-for-2 split, 8/12		30	(30)		-
Net income				380	380
Balance at Dec. 31, 2010	10	90	980	2,490	3,570
10% common stock dividend, 5/1		9	90	(99)	-
Sale of common shares, 9/1		3	31		34
Cash dividend, preferred				(2)	(2)
Cash dividend, common				(22)	(22)
Net income				412	412
Balance at Dec. 31, 2011	10	102	1,101	2,779	3,992

 

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, 2009, 2010, and 2011. No potential common shares were outstanding during any of the periods shown.

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