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On January 1, 2020, Bridgeport Industries had stock outstanding as follows. 8% Noncumulative preferred stock, $100 par value, issued and outstanding 271,000 shares $27,100,000 Common
On January 1, 2020, Bridgeport Industries had stock outstanding as follows. 8% Noncumulative preferred stock, $100 par value, issued and outstanding 271,000 shares $27,100,000 Common stock, $1 par value, issued and outstanding 648,000 shares 648,000 To acquire the net assets of three smaller companies, Bridgeport issued an additional 588,000 common shares. The acquisitions took place as follows. Date of Acquisition Shares Issued MicroBio February 1, 2020 183,000 BioTech June 1, 2020 78,000 Super Bio November 1, 2020 327,000 On December 31, 2020, Bridgeport reported net income of $8,910,000 before taxes. No dividends on the common or preferred stock were declared during 2020. Assuming a 40% tax rate, compute the earnings per share data that should appear on the financial statements of Bridgeport Industries as of December 31, 2020. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $
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