($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 120 $ 30 250 $11.47 2020 $ 210 $ 21 500 $10.42 Part 1 of 2 points 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).) Answer is complete but not entirely correct. 2020 Earnings Per Share Net Income less preferred dividends Average shares outstanding 90 $ 189 + $0.36 250 500 2021 - $0.38 1-b. Did earnings per share increase in 2021? Yes No ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 120 $ 30 250 $11.47 2028 $ 210 $ 21 500 $10.42 Part 2 of 2 10 points 2-a. Calculate the price-earnings ratio in 2020 and 2021. (Enter your Price-earning ratio values to two decimal places. Enter your answers in millions (.e. 5,550,000 should be entered as 5.55).) Answer is complete but not entirely correct. Average shares outstanding 2020 Price-Earnings Ratio Earings per share 11.47 $ 10.42 $ 31.86 0.36 0.38 2021 $ - 27.42 2.b. In which year is the stock priced lower in relation to reported earnings? 2020 2021