Earnings per share Financial statement data for the years 20Y5 and 2016 for Black Bull Inc. follow: 20Y5 2016 Net income $1,522,000 $2,594,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 80,000 shares 120,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 2016 Earnings per Share $ b. Is the change in the earnings per share from 2015 to 20Y6 favorable or unfavorable