Genie Corp, has the following Stockholders Equity account balances and activity for Year 2.

Net income		$9,250,000
Retained earnings	$19,575,000
Preferred stock shares outstanding	1,000
Common stock shares outstanding at January 1, Year 2	5,500,000
Additional Common shares issued at July 1, Year 2	10,000
2-for-1 stock split at December 31, Year 2
Preferred Dividends	$25,000
Common Dividends	$45,000
Year 1 EPS	$2.40

Earnings per share = __________________ / ___________________* = ________

* Compute Denominator: Weighted average common shares outstanding

Date	Shares	Portion of year	Weighted Average Shares
January 1, Y2	5,500,000
July 1, Y2
Weighted Average December 31 before split
Stock split 2-for-1
*Total Weighted Average, 12/31/Y2
Note: Year 1 restated			$2.40 / 2 =_____

Did performance improve in Year 2 as compared to Year 1? _________________Why?