Earnings Per Share Financial statement data for the years ended December 31 for Cottontop Corporation follow: 20Y3 20Y2 Net income $215,500 $205,000 Preferred dividends $33,000 $33,000 Average number of common shares outstanding 50,000 shares 40,000 shares a. Determine the earnings per share for 2013 and 20Y2. Round your answers to two decimal places. 20Y3 $ per share 20Y2 $ per share b. Does the change in the earnings per share 20Y2 to 20Y3 ate a rable or unfavorable d? Favorable Unfavorable Retained Earnings Statement Dry Creek Cameras Inc. reported the following results for the year ended October 31, 2019: Retained earnings, November 1, 2048 $1,061,000 Net income 403,200 Cash dividends declared 49,000 Stock dividends declared 125,000 Prepare a retained earnings statement for the fiscal year ended October 31, 2019. Dry Creek Cameras Inc. Retained Earnings Statement For the Year Ended October 31, 2019