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On January 1, 2014, Lennon Industries had stock outstanding as follows. 6% Cumulative preferred stock, $101 par value, issued and outstanding 10,300 shares $1,040,300 Common

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

6% Cumulative preferred stock, $101 par value, issued and outstanding 10,300 shares $1,040,300
Common stock, $11 par value, issued and outstanding 234,000 shares 2,574,000

To acquire the net assets of three smaller companies, Lennon authorized the issuance of an additional 201,600 common shares. The acquisitions took place as shown below.

Date of Acquisition

Shares Issued

Company A April 1, 2014 69,600
Company B July 1, 2014 90,000
Company C October 1, 2014 42,000

On May 14, 2014, Lennon realized a $110,400 (before taxes) insurance gain on the expropriation of investments originally purchased in 2000. On December 31, 2014, Lennon recorded net income of $392,400 before tax and exclusive of the gain. Assuming a 44% 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. (Round answer to 2 decimal places, e.g. $2.55.)

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