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On December 31, 2019, Oriole Corporation had 144,000 common shares outstanding. On April 30, 2020, the company issued an additional 52,000 common shares for cash.
On December 31, 2019, Oriole Corporation had 144,000 common shares outstanding. On April 30, 2020, the company issued an additional 52,000 common shares for cash. On July 31, 2020, the company repurchased and cancelled 21,000 common shares. During the year ended December 31, 2020, Oriole earned income before taxes of $40,000,000. Not included in this income was a loss from discontinued operations of $5,000,000 before tax. The company was subject to a 25% income tax rate. Calculate earnings per share data as they should appear on the 2020 income statement of Oriole Corporation. (Round answers to 2 decimal places, e.g. 52.75.) Earnings per share Continuing operations $ Discontinued operations Earnings per share $
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