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Financial statement data for the years ended December 31 for Dovetail Corporation follow: 20Y3 20Y2 Net income $330,000 $253,500 Preferred dividends $50,000 $50,000 Average number

Financial statement data for the years ended December 31 for Dovetail Corporation follow:

20Y3 20Y2
Net income $330,000 $253,500
Preferred dividends $50,000 $50,000
Average number of common shares outstanding 70,000 shares 55,000 shares

a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places.

20Y3 $ per share
20Y2 $ per share

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