Earnings Per Share Financial statement data for the years ended December 31 for Cottontop Corporation follow: 20Y3 2012 Net income $909,000 $775,000 Preferred dividends $139,000 $139,000 Average number of common shares outstanding 50,000 shares 40,000 shares a. Determine the earnings per share for 2013 and 2042. Round your answers to two decimal places. 20Y3 per share 2012 per share b. Does the change in the earnings per share from 2012 to 2043 indicate a favorable or unfavorable trend