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On January 1, 2017, Shamrock Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,100 shares $910,000 Common

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

6% Cumulative preferred stock, $100 par value, issued and outstanding 9,100 shares $910,000
Common stock, $10 par value, issued and outstanding 209,000 shares 2,090,000

To acquire the net assets of three smaller companies, Shamrock authorized the issuance of an additional 162,000 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 80,400
Company C October 1, 2017 31,200

On May 14, 2017, Shamrock realized a $92,400 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Shamrock recorded income of $307,200 from continuing operations (after tax). Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Shamrock Industries as of December 31, 2017. (Round answer to 2 decimal places, e.g. $2.55.)

Shamrock Industries Income Statement

$

$

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