Calculate the earnings per share for 2020 as it should be reported to shareholders. (Round answer to 2 decimal places, e.g. 15.25.) Assume that Crane declared a 1-for-2 reverse stock split on February 10, 2021, and that the companys financial statements for the year ended December 31, 2020, were issued on February 28, 2021.

On January 1, 2020, Crane Limited had shares outstanding as follows: 5% cumulative preferred shares, $100 par value, 11,000 shares issued and outstanding Common shares, 205,000 shares issued and outstanding $1,100,000 2,050,000 To acquire the net assets of three smaller companies, the company authorized the issuance of an additional 304,000 common shares. The acquisitions were as follows: Date of Acquisition Company A: April 1, 2020 Company B: July 1, 2020 Company C: October 1, 2020 Shares Issued 174,000 89,000 41,000 On May 14, 2020, Crane realized a $96,000 gain (before tax) on a discontinued operation from a business segment that had originally been purchased in 2000. On December 31, 2020, the company recorded income of $692,000 before tax, not including the discontinued operation gain. Crane has a 40% tax rate