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On January 1, 2017, Pronghorn Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,700 shares $970,000 Common

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On January 1, 2017, Pronghorn Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,700 shares $970,000 Common stock, $10 par value, issued and outstanding 203,000 shares 2,030,000 To acquire the net assets of three smaller companies, Pronghorn authorized the issuance of an additional 163,200 common shares. The acquisitions took place as shown below. Shares Issued Date of Acquisition Company A April 1, 2017 Company B July 1, 2017 Company C October 1, 2017 49,200 82,800 31,200 On May 14, 2017, Pronghorn realized a $91,200 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Pronghorn recorded income of $330,000 from continuing operations (after tax). Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Pronghorn Industries as of December 31, 2017. (Round answer to 2 decimal places, e.g. $2.55.) Pronghorn Industries Income Statement LINK TO TEXT

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