Question: ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 182 $ 29 260

($ in millions except share data) Net income Dividends on preferred

($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 182 $ 29 260 $11.72 2020 $ 279 $ 24 450 $10.67 Exercise 10-16A Part 1 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021 = 1-b. Did earnings per share increase in 2021? No O Yes

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