Earnings Per Share Financial statement data for the years ended December 31 for Dovetail Corporation follows 2016 2015 Net income Preferred dividends Average number of common shares outstanding a. Determine the earnings per share for 2016 and 2015. Round your answers to two decimal places 2016 2015 b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend? $448,750 $376,000 40,000 75,000 shares $40,000 60,000 shares per share per share