Financial Statement data for the years ended December 31st for the Top Corporation follow: 2018 2017 Net Income $775,000 $966,000 Preferred Dividends $35,000 $35,000 Average number of 80,000 shares 95,000 shares common shares outstanding a. Determine the earnings per share for 2018 and 2017. b. Does the change in the earnings per share from 2017 to 2018 include a favorable or unfavorable trend?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.