Question: Financial statement data for years ending December 31 for Mi Tierra Incorporated follow: 2022 2021 Net Income $350,000 $195,000 Preferred Dividends $20,000 $15,000 Average number

Financial statement data for years ending December 31 for Mi Tierra

Financial statement data for years ending December 31 for Mi Tierra Incorporated follow: 2022 2021 Net Income $350,000 $195,000 Preferred Dividends $20,000 $15,000 Average number of common shares outstanding 75,000 shares 50,000 shares Determine earnings per share for 20Y2 and 20Y1. Does the change in the earnings per share from 20Y1 to 20Y2 indicate a favorable or Anfavorable trend? PLEASE SHOW ALL WORK

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