Partial-Year Depreciation Sandblasting equipment acquired at a cost of $90,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. It was placed in service on April 1 of the current fiscal year, which ends on December 31. If necessary, round your answers to the nearest cent. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method. Depreciation depreciation for the current fiscal year and the following fiscal year by the double -declining-balance method. Depreciation Earnings Per Share Financial statement data for years ending December 31 for Jardine Company are shown below. 2015 Net income $459,250 2016 $544,250 $83,000 45,000 shares Preferred dividends $83,000 Average number of common shares outstanding 35,000 shares a. Determine the earnings per share for 2016 and 2015. Round your answers to two decimal places. 2016 per share 2015 per share b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend