On January 1, 2017, Sarasota Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,300 shares $930,000 Common stock, $10 par value, issued and outstanding 208,000 shares 2,080,000 To acquire the net assets of three smaller companies, Sarasota authorized the issuance of an additional 156,000 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 76,800 Company C October 1, 2017 28,800 On May 14, 2017, Sarasota realized a $88,800 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Sarasota recorded income of $285,600 from continuing operations (after tax). Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Sarasota Industries as of December 31, 2017. (Round answer to 2 decimal places, e.g. $2.55.) Sarasota Industries Income Statement $ $ eTextbook and Media