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On January 1, 2017, Pina Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,500 shares $950,000 Common

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

6% Cumulative preferred stock, $100 par value, issued and outstanding 9,500 shares $950,000
Common stock, $10 par value, issued and outstanding 202,000 shares 2,020,000

To acquire the net assets of three smaller companies, Pina authorized the issuance of an additional 166,800 common shares. The acquisitions took place as shown below.

Date of Acquisition

Shares Issued

Company A April 1, 2017 52,800
Company B July 1, 2017 82,800
Company C October 1, 2017 31,200

On May 14, 2017, Pina realized a $94,800 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Pina recorded income of $306,000 from continuing operations (after tax). Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Pina Industries as of December 31, 2017. (Round answer to 2 decimal places, e.g. $2.55.)

Pina Industries Income Statement

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