On January 1, 2020, Vahsholtz Corporation purchased 5,000 shares of treasury stock. Other information regarding Vahsholtz Corporation is provided as follows.

(a) Compute earnings per share for each year 

(b) Discuss its change from 2019 to 2020.

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2020 2019 $100,000 $110,000 $30,000 $25,000 Net income Dividends on preferred stock Dividends on common stock $30,000 $20,000 Weighted-average number of common shares outstanding 50,000 45,000 Common stockholders’ equity beginning of year Common stockholders' equity end of year $600,000 $750,000 $830,000 $750,000