7. PE.13-08.ALGO (Algorithmic) eBook Show Me How Eros Pet Share Financial statement data for the years ended December 31 for Dovetail Corporation follow: 20Y3 2012 Net income $163,000 $109,000 Preferred dividends $25,000 Average number of common shares outstanding $25,000 40,000 shares 30,000 shares a. Determine the earnings per share for 20Y3 and 2042. Round your answers to two decimal places. 2013 $ per share 2012 $ per share b. Does the change in the earnings per share from 2012 to 2043 indicate a favorable or an unfavorable trend? Retained Earnings Statement Dry Creek Cameras Inc. reported the following results for the year ending October 31, 2079: Retained earnings, November 1, 2048 $1,581,000 Net Income 505,900 Cash dividends declared 153,000 Stock dividends declared 393,000 Prepare a retained earnings statement for the fiscal year ended October 31, 2049. Dry Creek Cameras Inc. Retained Earnings Statement For the Year Ended October 31, 2019