On January 1, 2017, Blue Industries had stock outstanding as follows 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,800 shares $980,000 Common stock, $10 par value, issued and outstanding 189,000 shares To acquire the net assets of three smaller companies, Blue authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below 1,890,000 Date of Acquisition Shares Issued Company A April 1, 2017 Company B July 1, 2017 Company C October 1, 2017 49,200 82,800 28,800 On May 14, 2017, Blue realized a $87,600 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Blue recorded income of $321,600 from continuing operations (after tax) Assuming a 50 tax rate, compute the earnings per share data that should appear on the financial statements of ue industries as of December31 207 Round answer to 2 decimal places, e.g. $2.55.) Blue Industries Income Statement For the Year Ended December 31, 2017 Income From Continuing Operations 262,800 Extraordinary Gain Net Income/ (Loss)