Earnings per share Financial statement data for the years 2015 and 2046 for Black Bull Inc. follow: 2015 2016 Net income $1,705,000 $2,572,000 Preferred dividends $40,000 $40,000 Average number of common shares outstanding 90,000 shares 120,000 shares a. Determine the earnings per share for 2015 and 2046. Round to two decimal places. 2015 2016 Earnings per Share b. is the change in the earnings per share from 2015 to 2016 favorable or unfavorable? Favorable Feedback Check My Work Earnings per Share - Net Income - Preferred Dividends Average Number of Common Shares Outstanding Check My Work All work saved. Email Instructor Save and Exit Submit Assignment for Grading