Comparative Statements of Shareholders’ Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021.
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Comparative Statements of Shareholders’ Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31,
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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, 2019, 2020, and 2021. No potential common shares were outstanding during any of the periods shown. (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)
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Year Numerator Denominator = Earnings per share 2019 328.00 = 2020 $ 328 428.00 0.77
2021 $ 428 11.00 $ 38.91
2021 $ 428 11.00 $ 38.91
