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On January 1, 2017, Wildhorse Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,600 shares $960,000 Common

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

6% Cumulative preferred stock, $100 par value, issued and outstanding 9,600 shares $960,000
Common stock, $10 par value, issued and outstanding 183,000 shares 1,830,000

To acquire the net assets of three smaller companies, Wildhorse 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 48,000
Company B July 1, 2017 80,400
Company C October 1, 2017 30,000

On May 14, 2017, Wildhorse realized a $92,400 (before taxes) insurance gain on discontinued operations. On December 31, 2017, Wildhorse recorded income of $320,400 from continuing operations. Assuming a 50% tax rate, compute the earnings per share data that should appear on the financial statements of Wildhorse Industries as of December 31, 2017

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