On January 1, 2017, Pharoah Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 10,500 shares $1,050,000 Common stock, $10 par value, issued and outstanding 213,000 shares 2,130,000 To acquire the net assets of three smaller companies, Pharoah authorized the issuance of an additional 158,400 common shares. The acquisitions took place as shown below. Date of Acquisition Company A April 1, 2017 Company B July 1, 2017 Company C October 1, 2017 Shares Issued 51,600 75,600 31,200 On May 14, 2017, Pharoah realized a $91,200 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Pharoah recorded income of $270,000 from continuing operations (after tax). Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Pharoah Industries as of December 31, 2017. (Round answer to 2 decimal places, e.g. $2.55.) Pharoah Industries Income Statement