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On January 1, 2017, Stellar Industries had stock outstanding as follows. To acquire the net assets of three smaller companies, Stellar authorized the issuance of

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On January 1, 2017, Stellar Industries had stock outstanding as follows. To acquire the net assets of three smaller companies, Stellar authorized the issuance of an additional 158, 400 common shares. the acquisitions took place as shown below. On May 14, 2017, Stellar realized a $91, 200 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Stellar 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 Stellar Industries as of December 31, 2017, . (Round answer to 2 decimal places, e.g. $2.55.)

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