Question: Financial statement data for the years ended December 31 for Brown Cow Inc. follow: 20Y6 20Y5 Net income $4,243,200 $2,855,360 Preferred dividends $64,000 $64,000 Average

Financial statement data for the years ended December 31 for Brown Cow Inc. follow: 20Y6 20Y5 Net income $4,243,200 $2,855,360 Preferred dividends $64,000 $64,000 Average number of common shares outstanding 128,000 shares 104,000 shares a. Determine the earnings per share for 20Y6 and 20Y5. Round your answers to two decimal places

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