Earnings per share Financial statement data for the years 2015 and 2016 for Black Bull Inc. follow: Net income Preferred dividends Average number of common shares outstanding 20Y5 $1,528,000 $40,000 80,000 shares 20Y6 $2,584,000 $40,000 120,000 shares a. Determine the earnings per share for 2015 and 2016. Round to two decimal places. Earnings per Share 2015 20Y6 b. Is the change in the earnings per share from 2015 to 2016 favorable or unfavorable? C Entries for Issuing Par Stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash 40,000 shares of $10 par common stock at $34, and on February 27, it issued for cash 120,000 shares of preferred stock, $4 par at $6. a. Journalize the entries for January 22 and February 27. If an amount box does not require an entry, leave it blank. Jan, 22 Feb. 27 000 b. What is the total amount invested (total paid-in capital) by all stockholders as of February 277 Entries for Issuing No-Par Stock On May 15, Helena Carpet Inc., a carpet wholesaler, issued for cash 170,000 shares of no-par common stock (with a stated value of $2) at $8, and on June 30, it issued for cash 25,000 shares of preferred stock, $85 par at $90. a. Journalize the entries for May 15 and June 30, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank. May 15 June 30 b. What is the total amount invested (total paid-in capital) by all stockholders as of June 30? Issuing Stock Professional Products Inc., a wholesaler of office products, was organized on February 5 of the current year, with an authorization of 100,000 shares of preferred 3% stock, $40 par and 500,000 shares of $25 par common stock. The following selected transactions were completed during the first year of operations: Journalize the transactions. If an amount box does not require an entry, leave it blank. Feb. 5. Issued 155,000 shares of common stock at par for cash. Feb. 5. Feb. 5. Issued 400 shares of common stock at par to an attorney in payment of legal fees for organizing the corporation. Feb. 5. Apr. 9. Issued 25,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $117,000, $639,000, and $144,000, respectively. Apr. 9.1