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Financial statement data for the years 2 0 Y 5 and 2 0 Y 6 for Black Bull Inc. follow: Net income: 2 0 Y

Financial statement data for the years $20 Y 5$ and $20 Y 6$ for Black Bull Inc. follow:

Net income: $20$ Y $5 -$ $ $1, 540, 000 20$ Y $6 -$ $ $2, 392, 000$

Prefferes dividends: $20$ Y $5 -$ $ $60, 000 20$ Y $6 -$ $ $60, 000$

Average number of common shares outstanding: $20$ Y $5 - 80, 000$ shares $20$ Y $6 -$ $ $110, 000$ shares.

A $.$ Determine thee earnings per share for $20$ Y $5$ and $20$ Y $6 .$ Round to two decimal places.

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