Earnings per share Financial statement data for the years 2015 and 2016 for Black Bull Inc. follow: Net income Preferred dividends Average number of common shares outstanding 20Y5 20Y6 $1,338,000 $2,360,000 $50,000 70,000 shares $50,000 110,000 shares a. Determine the earnings per share for 2015 and 20Y6. Round to two decimal places. Earnings per Share 20Y5 20Y6 b. Is the change in the earnings per share from 2015 to 20Y6 favorable or unfavorable? Favorable Feedback Check My Work Earnings per Share = Net Income - Preferred Dividends Average Number of Common Shares Outstanding