Exercise 16-20 On January 1, 2020, Wildhorse Industries had stock outstanding as follows.

6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000

Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000

To acquire the net assets of three smaller companies, Wildhorse 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, 2020 51,600

Company B July 1, 2020 80,400

Company C October 1, 2020 28,800

On May 14, 2020, Wildhorse realized a $86,400 (before taxes) insurance gain on discontinued operations.

On December 31, 2020, Wildhorse recorded income of $309,600 from continuing operations (after tax).

Assuming a 20% tax rate, compute the earnings per share data that should appear on the financial statements of Wildhorse Industries as of December 31, 2020. (Round answer to 2 decimal places, e.g. $2.55.)