Earnings per share Financial statement data for the years 2015 and 20Y6 for Black Bull Inc. follow: 20Y5 2016 Net income $1,669,000 $2,620,000 Preferred dividends $40,000 $40,000 Average number of common shares outstanding 90,000 shares 120,000 shares a. Determine the earnings per share for 2015 and 20Y6. Round to two decimal places. 2015 2016 Earnings per Share $ b. Is the change in the earnings per share from 2015 to 2016 favorable or unfavorable