CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER On January 1, 2020, Shamrock Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,800 shares $980,000 Common stock, $10 par value, issued and outstanding 206,000 shares 2,060,000 To acquire the net assets of three smaller companies, Shamrock authorized the issuance of an additional 158,400 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 2020 48.000 Company B July 1, 2020 80,400 Company C October 1, 2020 30,000 On May 14, 2020, Shamrock realized a $88,800 (before taxes) Insurance gain on discontinued operations. On December 31, 2020, Shamrock recorded Income of $274,800 from continuing operations (after tax). Assuming a 25% tax rate, compute the earnings per share data that should appear on the financial statements of Shamrock Industries as of December 31, 2020. (Round answer to 2 decimal places, e.g. $2.55.) Shamrock Industries Income Statement For the Year Ended December 31, 2020 Income From Continuing Operations 274800 Discontinued Operations Gain, Net of Tax 88000 Net Income / (Loss) 264825