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On January 1, 2014, Lennon Industries had stock outstanding as follows. 6% Cumulative preferred stock, $117 par value, issued and outstanding 10,200 shares $1,193,400 Common

On January 1, 2014, Lennon Industries had stock outstanding as follows.

6% Cumulative preferred stock, $117 par value, issued and outstanding 10,200 shares $1,193,400
Common stock, $12 par value, issued and outstanding 285,600 shares 3,427,200

To acquire the net assets of three smaller companies, Lennon authorized the issuance of an additional 207,600 common shares. The acquisitions took place as shown below.

Date of Acquisition

Shares Issued

Company A April 1, 2014 78,000
Company B July 1, 2014 99,600
Company C October 1, 2014 30,000

On May 14, 2014, Lennon realized a $126,000 (before taxes) insurance gain on the expropriation of investments originally purchased in 2000. On December 31, 2014, Lennon recorded net income of $309,600 before tax and exclusive of the gain. Assuming a 42% tax rate, compute the earnings per share data that should appear on the financial statements of Lennon Industries as of December 31, 2014. Assume that the expropriation is extraordinary.

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