Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Retained earnings, January 1, 2013 Net income Cash dividends declared Stock dividends declared $540,500 81,100 14,600 27,600 Prepare a retained earnings statement for the year ended December 31, 2013. Sumter Pumps Corporation Retained Earnings Statement For the Year Ended December 31, 20Y3 Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Net income Preferred dividends Average number of common shares outstanding 20Y5 $1,498,000 $50,000 80,000 shares 20Y6 $2,382,000 $50,000 110,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. Earnings per Share 20Y5 20Y6 b. Is the change in the earnings per share from 2015 to 20Y6 favorable or unfavorable