Chapter 11 EXERCISE 11-4 w for Airhart Company Year 1 40,000 Financial statement data for two years are shown belo Year 2 $230,000 $190,000 Net income Preferred dividends Average number of common 50,000 shares outstanding.... 80,000 50,000 Instructions: (a) Determine the earnings per share for Years 1 and 2. (b) Does the change in earnings per share indicate a favorable or unfavorabl trend