r 13 Corporations: Organization, Stock Transactions, and Dividends -8 p 616 PE 13-8B Earnings per share AD Financial OBJ. 8 statement data for the years ended December 31 for Black Bull Inc. follows: 2016 2015 Net income $1,538,000 $2,485,700 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 115,000 shares 80,000 shares a. Determine the earnings per share for 2016 and 20 b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend? EX 13-1 Dividends per share OBJ. 3 Triple Z Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 2% stock, S150 par and 50,000 shares of $10 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $27,000; second year, $60,000; third year, $80,000; fourth year, $90,000. Calculate the dividends per share on each class of stock for each of the four years