Financial statement data for the years ended December 31 for Black Bull Inc. follow:                                                                                    20Y6               20Y5Net income                                                              $2,485,700      $1,538,000Preferred dividends                                                  $50,000              $50,000Average number of common shares outstanding     115,000 shares    80,000 sharesa. Determine the earnings per share for 20Y6 and 20Y5.b. Does the change in the earnings per share from 20Y5 to 20Y6 indicate a favorable or unfavorable trend?

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