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Compute EPS, The info on table that is red is incorrect. Please provide correct values! On January 1, 2017, Martinez Industries had stock outstanding as

Compute EPS, The info on table that is red is incorrect. Please provide correct values!image text in transcribed

On January 1, 2017, Martinez Industries had stock outstanding as follows 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,300 shares $930,000 Common stock, $10 par value, issued and outstanding 220,000 shares 2,200,000 To acquire the net assets of three smaller companies, Martinez authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below Date of Acquisition Shares Issued Company A April 1, 2017 Company B July 1, 2017 Company C October 1, 2017 48,000 82,800 30,000 On May 14, 2017, Martinez realized a $93,600 (before taxes) insurance gain on discontinued operations On December 31, 2017, Martinez recorded income of $282,000 from continuing operations (after tax) Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Martinez Industries as of December 31, 2017. (Round answer to 2 decimal places, e.g. $2.55.) Martinez Industries Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations 0.77 Discontinued Operations Gain, Net of Tax 0.15 0.92 Net Income/ (Loss) Click if you would like to Show Work for this

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