pter 12 Homework eBook Show Me How- Calculator E.12.01 ALGO Earnings per share BE.12.02.ALGO Financial statement data for the years 20YS and 20Y6 for Black Bull Inc. follow: BE.12.03.ALGO 20Y5 20Y6 Net income $1,548,000 $2,544,000 BE.12.05.ALGO Preferred dividends $60,000 $60,000 5. BE.12.06.ALGO Average number of common shares outstanding 80,000 shares 115,000 shares a. Determine the earnings per share for 20YS and 20Y6. Round to two decimal places. 6.BE.12.07 ALGO 20YS 20Y6 . BE.12.08 .ALGO Earnings per Share b. Is the change in the earnings per share from 20YS to 20Y6 favorable or unfavorable? Favorable