Earnings per share Financial statement data for the years 2045 and 2016 for Black Bull Inc. follow: 2015 2016 Net income $1,324,000 $50,000 Preferred dividends Average number of common shares outstanding $2,654,000 $50,000 120,000 shares 70,000 shares a. Determine the earnings per share for 20Y5 and 2016. Round to two decimal places. 2015 2016 Earnings per Share b. Is the change in the earnings per shhre from 2075 to 2016 favorable or unfavorable