Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: Line Item Description 20Y6 20Y5 Net income 2,582,000 1,490,000 Preferred dividends 50,000 50,000 Average number of common shares outstanding 120,000 shares 80,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. Line Item Description 20Y5 20Y6 Earnings per Share _______ _______