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On January 1, 2017, Martinez Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,100 shares $910,000 Common

On January 1, 2017, Martinez Industries had stock outstanding as follows.

6% Cumulative preferred stock, $100 par value, issued and outstanding 9,100 shares $910,000
Common stock, $10 par value, issued and outstanding 186,000 shares 1,860,000

To acquire the net assets of three smaller companies, Martinez 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, 2017 50,400
Company B July 1, 2017 79,200
Company C October 1, 2017 31,200

On May 14, 2017, Martinez realized a $86,400 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Martinez recorded income of $289,200 from continuing operations. Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Martinez Industries as of December 31, 2017.

Discount on Operations Gain, Net of Tax:

Income from Continuing Operations:

Net income/ Loss

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