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6% Cumulative preferred stock, $100 par value, issued and outstanding 10,600 shares $1,060,000 Common stock, $10 par value, issued and outstanding 195,000 shares 1,950,000 To

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6% Cumulative preferred stock, $100 par value, issued and outstanding 10,600 shares $1,060,000 Common stock, $10 par value, issued and outstanding 195,000 shares 1,950,000 To acquire the net assets of three smaller companies. Pronghorn authorized the issuance of an additional 158,400 common shares. The acquisitions took place as shown below. On May 14, 2020, Pronghorn realized a $86,400 (before taxes) insurance gain on discontinued operations. On December 31, 2020, Pronghorn recorded income of $276,000 from continuing operations (after tax). Assuming a 25% tax rate, compute the earnings per share data that should appear on the financial statements of Pronghornindustries as of December 31. 2020. (Round answer to 2 decimal places, ess \$255.) On May 14, 2020. Pronghorn realized a 586,400 (betore taxis) nsurance gain on discontinuod operations. On December 31.2020. Pronghom recorded income of $276,000 from continuing operations (after tax). Assuming a 25% tax rate compute the earnings per Share data that stould appear on the financial statements of Pronghorn industries as of December 31,2020. (Round annver to 2 decimal placts in $2.55.1

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