Question: Financial statement data for the years ended December 31 for Black Bull Inc. follows: 20Y6 20Y5 Net income $2,485,700 $1,538,000 Preferred dividends $50,000 $50,000 Average

Financial statement data for the years ended December 31 for Black Bull Inc. follows:

20Y6 20Y5
Net income $2,485,700 $1,538,000
Preferred dividends $50,000 $50,000
Average number of common shares outstanding 115,000 shares 80,000 shares

a. Determine the earnings per share for 20Y6 and 20Y5.

20Y6 $fill in the blank 1 per share
20Y5 $fill in the blank 2 per share

b. Does the change in the earnings per share from 20Y5 to 20Y6 indicate a favorable or unfavorable trend?

Favorable/Unfavorable

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