On January 1, 2017, Oriole Industries had stock outstanding as follows. 6% cumulative preferred stock, $100 par value, issued and outstanding 9,700 shares Common stock, $10 par value, issued and outstanding 200,000 shares $970,000 2,000,000 To acquire the net assets of three smaller companies, Oriole authorized the issuance of an additional 157,200 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 2017 Company B July 1, 2017 Company C October 1, 2017 48,000 78,000 31,200 On May 14, 2017, Oriole realized a $92,400 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Oriole recorded income of $291,600 from continuing operations (after tax) Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Oriole Industries as of December 31, 2017- (Round answer to 2 decimal places, e.g. $2.55.) Oriole Industries Income Statement On January 1, 2017, Oriole Industries had stock outstanding as follows. 6% cumulative preferred stock, $100 par value, issued and outstanding 9,700 shares Common stock, $10 par value, issued and outstanding 200,000 shares $970,000 2,000,000 To acquire the net assets of three smaller companies, Oriole authorized the issuance of an additional 157,200 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 2017 Company B July 1, 2017 Company C October 1, 2017 48,000 78,000 31,200 On May 14, 2017, Oriole realized a $92,400 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Oriole recorded income of $291,600 from continuing operations (after tax) Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Oriole Industries as of December 31, 2017- (Round answer to 2 decimal places, e.g. $2.55.) Oriole Industries Income Statement