financial statement data for the years of 20Y5 and 20Y6 for black bull inc. follow:

20Y6:

net income: $2,382,000

preferred dividends: $50,000

avg. number of common shares: 110,000 shares

20Y5:

net income: $1,679000

preferred dividends: $50,000

avg. number of common shares: 90,000 shares

a. determine the earnings per share for 20Y5 and 20Y6 round to two decimal places.