$($P$-4)$Earnings per share

Financial statement data for the years $20$ Y $5$ and $20$ Y $6$ for Black Bull Inc. follow:

a$.$ Determine the earnings per share for $20$ Y $5$ and $20$Y$6.$ Round to two decimal places.

b$.$ Is the change in the earnings per share from $20$ Y $5$ to $20$ Y $6$ favorable or unfavorable?Entries for Stock Dividends

Madrid Corporation has $21,000$ shares of $$40$ par common stock outstanding. On August $2,$ Madrid

Corporation declared a $5\%$ stock dividend to be issued October $8$ to stockholders of record on September $15.$

The market price of the stock was $$57$ per share on August $2.$

Journalize the entries required on August $2,$ September $15,$ and October $8.$ If an amount box does not require

an entry, leave it blank. If no entry is required, select $"$No Entry Required" and leave the amount boxes blank.

Aug. $2$

Sept. $15$

Oct. $8$Entries for Cash Dividends

The declaration, record, and payment dates in connection with a cash dividend of $$80,000$ on a corporation's

common stock are October $1,$ November $7,$ and December $15.$

Journalize the entries required on each date. If no entry is required, choose $"$No Entry Required" and leave

the amount boxes blank. If an amount box does not require an entry, leave it blank.

Oct. $1$

Nov. $7$

Dec. $15$

$$