PLEASE ANSWER BOTH QUESTIONS

Dakota Inc. and Jersey & Company are two large companies that manufacture and sell equipment used in the construction, mining, agricultural, and forestry industries. The companies reported the following data (in millions) for two recent years Dakota Jersey Year 1 $2,177 $3,775 $1,900 $3,217 Average number of common shares outstanding 594 599 334 363 Year 2 Year 1 Year 2 Net income a. Determine the earnings per share in Year 2 and Year 1 for each company. Round your answers to two decimal places. Year 2 Year 1 Dakota Jersey b. Evaluate the relative profitability of the two companies. per share per share per share per share earnings per share for Year 1 and Year 2 are higher than . However, from Year 1 to Year 2, the earnings per share for both companies The slowing world economy contributed to the from Year 1 to Year 2. Overall, appears to be the more profitable company. The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 20Y9, are as follows COMMON STOCK Balance Issued 13,200 shares Balance Jan. 1 1,200,000 Apr. 14 528,000 1,728,000 Dec. 31 PAID-IN CAPITAL IN EXCESS OF PAR Balance Issued 13,200 shares Balance Jan. 1 192,000 Apr. 14 105,600 297,600 Dec. 31 TREASURY STOCK Aug. 7 Purchased 2,200 shares 81,400 RETAINED EARNINGS Mar. 31 June. 30 Sept. 30 Dec. 31 Dividend Dividend Dividend Dividend 31,000 Jan. 1 31,000 Dec. 31 31,000 31,000 Dec. 31 Balance Closing (Net income) Balance 2,090,000 314,000 2,280,000 Prepare a statement of stockholders' equity for the year ended December 31, 20Y9 If an amount is zero or an entry is not required, leave the box blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. I-Cards Inc. Statement of Stockholders' Equity For the Year Ended December 31, 20Y9 Common Stock $40 Par Paid-In Capital in Excess of Par Treasury Stock Retained Earnings Total Balance, Jan. 1, 20Y9 Issued 13,200 shares of Common Stock Purchased 2,200 shares as Treasury Stock Net Income Dividends Balance, Dec. 31, 20Y9