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On January 1, 2017, Sunland Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 10,600 shares $1,060,000 Common

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

6% Cumulative preferred stock, $100 par value, issued and outstanding 10,600 shares $1,060,000
Common stock, $10 par value, issued and outstanding 195,000 shares 1,950,000

To acquire the net assets of three smaller companies, Sunland authorized the issuance of an additional 158,400 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 76,800
Company C October 1, 2017 28,800

On May 14, 2017, Sunland realized a $86,400 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Sunland recorded income of $276,000 from continuing operations (after tax). Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Sunland Industries as of December 31, 2017.

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