Question: Financial statement data for the years 2 0 Y 5 and 2 0 Y 6 for Black Bull Inc. follow: Line Item Description 2 0

Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Line Item Description20Y620Y5Net income$2,447,000$1,761,000Preferred dividends$60,000$60,000Average number of common shares outstanding110,000 shares90,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. Line Item Description20Y520Y6Earnings per Share$fill in the blank 1$fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?

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