Financial statement data for the years ended December 31 for Black Bull Inc. are shown below.

a. Determine the earnings per share for 2014 and 2013.
b. Does the change in the earnings per share from 2013 to 2014 indicate a favorable or an unfavorabletrend?

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2014 2013 Net income Preferred dividends Average number of common shares outstanding $2,485,700 1,538,000 50,000 115,000 shares 50,000 80,000 shares